From BigGo Finance · BigGo Finance · · 1m 50s
Tokenized Stocks and ETFs Hit $37 Billion in On-Chain Volume
Crypto trading cools as tokenized stocks and ETFs hit $37 billion in on-chain volume.
In brief
Crypto trading cools as tokenized stocks and ETFs hit $37 billion in on-chain volume. Tokenized stocks and ETFs reached $37 billion in on-chain trading volume in Q3, with monthly volume up 18x since January, as crypto trading cools. Originally reported by BigGo Finance.
On-Chain Trading Volume
Tokenized stocks and ETFs hit $37 billion in on-chain volume during Q3, up nearly 18 times since January.
Crypto Trading Cools
Spot trading volume has fallen, ETF inflows have slowed, and meme-coin interest has faded.
SEC Exemption Opens
A September SEC exemption allows qualifying platforms to trade tokenized U.S. stocks with volume caps.
OKX-ICE Venture
OKX-ICE filed to list 63 tokenized securities on XLayer, drawing objections from 16 companies including Microsoft and Goldman Sachs.
Equity Perpetual Futures
Equity perpetual futures on Hyperliquid traded $201 billion in Q3, about five times tokenized share volume.
Dune Analytics Launches
Dune launched real-time data feeds covering more than 200 on-chain venues across 12 blockchains.
Dune Co-Founder Fredrik Haga
Haga said tokenized stocks and equity perpetuals are converging into a single on-chain equity market.
Robinhood Markets
Robinhood rolled out Stock Tokens, digital securities backed one-to-one by underlying stocks.
Ric Edelman's View
Edelman predicts tokenization will dominate crypto for the rest of the decade, spreading to real estate and collectibles.
Mark Connors' View
Connors compares tokenization to ETFs, speeding up trading and extending investment opportunities beyond market hours.
Hyperliquid's Market
Hyperliquid's markets use mark prices for margining and liquidation, with oracles supplying reference prices.
Coming Quarters
The coming quarters will show whether on-chain share volume closes the gap with perpetual futures once 63 tokenized stocks go live on XLayer.
The takeaway
Tokenized stocks and ETFs reached $37 billion in on-chain trading volume in Q3, with monthly volume up 18x since January, as crypto trading cools.
