Tokenized stock weekly trading volume approaches $3 billion, with Robinhood Chain, BNB Chain, and Solana capturing the majority share

Odaily News: Tokenized stock weekly trading volume hit a near $3 billion peak in August, with Robinhood Chain, BNB Chain, and Solana handling most of the transactions. The total value locked in on-chain tokenized stocks has surpassed $110 million, but only about 5% is deployed in on-chain financial applications.

Digital asset manager Grayscale stated that the tokenized stock market remains primarily trading-focused. The related asset scale on Solana lending platforms Kamino and Jupiter has grown approximately tenfold year-over-year, with lending and collateral usage continuing to expand.

BNB Chain's cumulative tokenized stock trading volume exceeded $5.2 billion by the end of June, with over 700 tokenized stocks and ETFs available on the network. Solana recorded $5.77 billion in second-quarter tokenized asset trading volume, of which tokenized stock trading volume reached $4.8 billion, up roughly fourfold from the first quarter. (Bitcoin.com News)