Backpack Claims 27% Share of Tokenized-Equity DEX Trading

Backpack claimed it accounted for 27% of tracked decentralized-exchange trading in tokenized equities on Oct. 25. The figure describes one day of activity in a market that recorded $49.7 billion in tokenized-equity DEX trades across networks during the third quarter. Tokenized equities made up about 9% of all spot decentralized-exchange volume in Q3 , compared with 1% in Q2. The 27% figure is a daily share, while the $49.7 billion figure totals trading over three months. They describe different measurement periods and units. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.