DWF: Tokenized Stock Market Cap Reaches $3.8 Billion, Up 483% Year-to-Date

As of the week of October 5, the total market cap of tokenized stocks reached $3.8 billion, a 483% increase from $654 million in the week of January 5. By issuer, Ondo Finance has a market cap of approximately $1 billion, with its market share dropping from 56% to 26%; xStocks saw its market cap rise from $187 million to $954 million, holding a 25% share; bStocks launched by Binance in June has a market cap of $905 million, accounting for 24%; Securitize has a market cap of $290 million, with an 8% share; Robinhood's market cap increased from $20 million to $170 million after its launch in July. By blockchain, Ethereum's share decreased from 50% at the beginning of the year to 22%, while BNB Chain rose from 9% to 32%, and Avalanche increased from 0% to 9%. The weekly DEX spot trading volume for tokenized stocks rose from $45.8 million in the week of January 5 to $2.54 billion in the week of October 5; the active TVL in DeFi increased from $15.5 million on January 1 to $313 million on October 15, accounting for about 8% of the total market cap.

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