Tokenized Stock Trading on DEXs Rises Ninefold to $50 Billion

Tokenized stock trading on decentralized exchanges climbed about ninefold to $50 billion in the third quarter, helping lift DEX spot volume after four straight quarterly declines. DEX spot trading totaled $571 billion, up 13% from the second quarter, marking its first quarterly increase after the slide. Tokenized stocks made up about 9% of that volume, compared with roughly 1% in Q2. Other onchain measures rose too. Stablecoin-adjusted transaction volume advanced 16% quarter over quarter to $781 billion, while monthly average active addresses grew 39% to about 73 million. Real-world asset market capitalization reached about $39 billion, up 19%.