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Tokenized Stocks Mania Grows as Market Cap Soars 220% in July
Interest in tokenized stocks surged sharply in July, with TSLA and SPY reaching $53.6 million in market cap – up 220% since June, Binance highlighted in its latest report. On-chain addresses linked to these assets grew from just 1,600 to over 90,000 in one month. Trading activity on centralized exchanges dwarfs on-chain platforms by over 70 times, suggesting pent-up demand beyond what blockchain data reveals. chart The market is still small but gaining momentum fast. Just 1% tokenization of global equities could push the sector to $1.3 trillion, more than eight times DeFi’s peak. xStocks by Backed Finance ... (full story)
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