Tokenized Stocks Reach $2.9 Billion Market Cap, Up 262% Year-to-Date

The Kobeissi Letter, a newsletter by U.S. financial analysts, announced that the market capitalization of on-chain tokenized stocks reached a record high of $2.9 billion in August. This marks a 12% increase from the previous month and a 262% increase year-to-date. Over the past week, the trading volume on decentralized exchanges (DEX) increased by 19%, and the number of holders rose by 30%. According to data from Jupiter, the largest Solana-based DEX aggregator, trading volume over the past month increased by 24%, with 59% of that coming from weekend and after-hours trading. The trading of tokenized assets is said to be influenced by its characteristic of not being bound by traditional stock market trading hours, positioning tokenization as one of the most dynamic trends in the cryptocurrency market.

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