TREE NEWS reports: Spot DEX trading volume in tokenized stocks on Base reached about $1.3 billion over the past 30 days, up 153.8% from the prior 30-day period. Coinbase-issued tokenized equities accounted for roughly $1.2 billion of that total, the vast majority, while st0x-related assets traded about $90 million.
Base Tokenized Stock DEX Volume Hits $1.3B, Up 153.8% in 30 Days
AI take
The striking detail is concentration, not growth: Coinbase-issued tokenized equities dominate Base's spot DEX activity, with st0x-related assets a distant second. That matters because it ties the venue's tokenized-stock liquidity to a single issuer's pipeline rather than a broad basket of competing products, which cuts both ways for market depth and for how diversified the flow really is. The open question is whether non-Coinbase issuance gains share as the category matures, or whether Base's tokenized-equity market remains effectively one issuer's distribution channel.
Generated by AI for reference only.
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