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Tokenized Stock DeFi Deposits Exceed $300 Million, Growing Approximately 25-Fold in One Year

On October 26, Cryptopolitan reported, citing data from Token Terminal, that the deposits of tokenized stocks in DeFi protocols have surpassed $300 million, up from $262 million last month, and have increased by 2,451.5% compared to approximately $11.8 million a year ago, distributed across 20 issuers and 10 blockchains. The growth was concentrated in the third quarter: starting at $80.1 million at the beginning of the quarter, it rose to $265 million by September 30, marking a quarterly increase of about 230%. This timing coincides with Binance's launch of bStocks in June and Robinhood Chain's launch in July. In terms of on-chain distribution, Solana leads with $102.6 million, accounting for 34.2% of the total, followed by Robinhood Chain and Ethereum in second and third place, respectively. BNB Chain has $42.8 million, and Base has $24.3 million, with the top five chains collectively accounting for approximately 96%. Regarding issuers, xStocks holds over 39%, with Robinhood at $70.8 million, Binance bStocks at $38.4 million, and Ondo Finance at $3.4 million.

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