Overview
- On‑chain transfer volume of tokenized equities jumped roughly 415% to about $29.5 billion over a 30‑day window in late August 2026, with active addresses rising to roughly 1.3 million and holders to about 2.36 million.
- Uniswap accounted for a major share of the growth, reporting a $325.2 million weekly increase in tokenized‑stock DEX volume split between v4 ($170 million) and v3 ($155.2 million), and controlling roughly 99% of stock‑token DEX liquidity on Robinhood Chain.
- Robinhood Chain, which launched July 1 on Arbitrum Orbit, set new daily DEX records in late August and recorded multi‑billion cumulative tokenized‑stock turnover while memecoin activity helped amplify overall chain volume.
- Coinbase added four tokenized U.S. stocks to Base in late August under its B20 structure, with each token representing a beneficial interest held through segregated custody and initially restricted to eligible non‑U.S. users.
- Key caveats remain: distributed on‑chain value rose only modestly and is concentrated with Ondo, Kraken xStocks and Binance bStocks, and RWA.xyz transfer metrics count custody moves, minting/redemptions and bridges so much reported volume may not reflect pure secondary‑market trading.