Tokenized stocks surge by 220% – How will Ethereum, Solana benefit?
Main Idea
Tokenized stocks have experienced significant growth, with a 220% increase in market cap since June, driven by platforms like xStocks and benefiting Ethereum and Solana.
Key Points
1. Tokenized stocks surged by 220% since June, reaching a market cap of $370M, with Tesla and SPY dominating on-chain market interest.
2. Binance Research noted active on-chain addresses surged from 1.6K to 90K, reflecting strong investor interest similar to the early DeFi boom.
3. xStocks by Backed Finance led in popularity, especially in Europe and non-U.S. markets, with total trading volume exceeding $2 billion.
4. Ethereum controls $4.6 billion of the $5.76 billion tokenized asset market, with projections suggesting tokenization could drive demand for ETH and SOL.
5. If 1% of global stocks were tokenized, the market could exceed $1.3T, potentially accelerating mainstream adoption of on-chain assets and DeFi infrastructure.
Description
Tokenized stocks are all the rage these days...
Latest News
- Ripple vs. SEC ends with $125M fine! – Here’s how XRP prices reacted2025-08-08 09:40:54
- NFTOPIA 5 Metaverse Convention Launches Groundbreaking Web3 Expo: 16-17 August 20252025-08-08 09:39:18
- Kaspa Experience: First Kaspa Community Conference2025-08-08 08:21:02
- Toshi crypto can rally to $0.007 IF bulls overcome demand slump – Details2025-08-08 08:01:59
- Tokenized stocks surge by 220% – How will Ethereum, Solana benefit?2025-08-08 07:26:46