TREE NEWS reports: Tokenized stocks traded on decentralized exchanges recorded about $1 billion in cumulative volume over the past 30 days. Raydium accounted for roughly $805.2 million, or 80.5% of the market, while Byreal ranked second with about $107.9 million and Orca followed at around $72.5 million. On-chain trading activity in tokenized equities has risen notably as more stock assets and liquidity move on-chain.
Tokenized Stocks on DEXs Top $1B in 30 Days; Raydium Holds 80.5%
AI take
The striking detail is not the $1B headline but the concentration: one venue holds four-fifths of tokenized-equity DEX flow, with the second and third venues an order of magnitude behind. That kind of single-venue dominance matters for execution quality, liquidity depth and the risk profile of the sector, since routing and price discovery effectively depend on one chain's infrastructure. Whether this concentration persists as more stock assets migrate on-chain, or whether volume spreads across competing venues, is the open question worth tracking.
Generated by AI for reference only.
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