Tokenized Stock Trading Jumps Ninefold as DEX Volume Rebounds

Tokenized-stock spot trading climbed about ninefold to $50 billion in the third quarter, lifting spot volume across decentralized exchanges (DEXs) by 13% to $571 billion after four consecutive quarterly declines. The $50 billion in tokenized-stock trading represented about 9% of DEX spot volume, up from roughly 1% in the second quarter. This growth made tokenized shares the main driver of the quarter’s DEX spot recovery. Other on-chain activity also advanced. Stablecoin-adjusted transaction volume rose 16% to $781 billion, while monthly active addresses grew 39% to about 73 million.