xStocks Tokenized Stocks Dominate DeFi TVL Growth with $3.8 Million Increase

The DeFi total value locked (TVL) for tokenized stocks issued by xStocks has seen significant growth, reaching $3.8 million over the past week.

This surge surpasses that of its competitors, such as Backpack and Binance bStocks, which added $3.2 million and $1.7 million respectively in TVL.

The trend suggests a growing interest in tokenized assets within decentralized finance, with xStocks leading the charge in DeFi TVL growth.