Tokenized Equities Reach 9% of Spot DEX Volume in Q3 2026

Tokenized equities accounted for about 9% of spot decentralized exchange (DEX) trading in the third quarter, as their volume rose ninefold to $50 billion and overall spot DEX activity returned to quarterly growth. The $50 billion figure measures trading accumulated over the quarter. It differs from the market value of tokenized stocks, which stood at about $3.2 billion on Sept. 30, up 86% from the end of Q2. That $3.2 billion figure is a point-in-time valuation, not cumulative trading volume. Total spot DEX volume rose about 13% from Q2 to $571 billion, its first quarterly increase in four quarters.