Tokenized Stocks Hit $3.6B as Avalanche and Solana Split the Market

Avalanche Leads Tokenized Stock Growth arsenic Solana Wins New Users

Tokenized equities are starting to uncover 2 precise antithetic maturation stories.

Over the past 7 days, Securitize’s SECZ added $132 cardinal successful marketplace capitalization, astir 10 times much than the next-largest tokenized stock, according to the RWA Foundation.

That azygous determination helped propulsion Avalanche to the apical of the blockchain rankings, with $131.2 cardinal successful caller tokenized-stock worth during the span.

Yet Avalanche hardly registered among the networks attracting caller holders. Instead, Solana added 123,500 tokenized-stock holders, suggesting organization superior and retail crypto adoption are progressively moving done antithetic rails.

Avalanche Captures the Institutional Money

Blackrock-backed Securitize accounted for $131.1 cardinal of issuer-level market-cap growth, much than 7 times the remainder of the apical 8 issuers combined. xStocks ranked a distant 2nd with $17.5 million.

SpaceX vulnerability besides remained popular. Binance’s SPCXb added $13.3 million, portion xStocks’ SPCXx gained $3.6 million. Tokenized products built astir Strategy—the $70 cardinal bitcoin treasury behemoth—added different $22.6 cardinal crossed Binance and xStocks.

The striking item is that SECZ did not look among the starring assets for caller holders. That suggests its maturation came from a comparatively tiny radical of ample investors alternatively than a wide retail rush.

When 1 X idiosyncratic expressed astonishment that Avalanche led growth, RWA Foundation responded simply: “Over the past 7 days, yes!”

Source: RWA Foundation

Zooming out, however, BNB Chain inactive leads successful presumption of wide tokenized stocks marketplace cap, representing astir $1.1 cardinal worth, per information from Token Terminal. Ethereum ranks 2nd astatine $773 million, with Solana not acold down astatine $723 cardinal and Avalanche a distant 4th with astir $428 cardinal successful tokenized stocks marketplace cap.

Solana and Robinhood Win the Retail Race

The holder information tells astir the other story.

Solana attracted 123,500 caller tokenized-stock holders, driven mostly by xStocks and Backpack. Robinhood Chain followed with 83,200, portion BNB Chain added 23,200. At the issuer level, Robinhood led with 83,200 caller holders, narrowly up of xStocks astatine 73,400 and Backpack astatine 44,100.

The opposition is progressively clear: Avalanche is attracting larger pools of capital, portion Solana and Robinhood are attracting much idiosyncratic users.

Source: RWA Foundation

$20.9 Billion successful Stocks Moved Onchain

Trading enactment is scaling adjacent faster. Over the past 30 days, decentralized exchanges processed $20.9 cardinal of tokenized-stock volume.

Uniswap v4 led with a 40.7% marketplace share, portion Uniswap v3 captured different 19.4%. Together, the 2 versions accounted for astir $12.6 cardinal successful volume.

The $3.6 cardinal marketplace is inactive tiny erstwhile compared to planetary equities. But the emerging divided betwixt organization capital, retail adoption, and increasing onchain turnover suggests tokenized stocks are nary longer processing arsenic 1 market.

They are becoming an ecosystem.