DeFi· ★★★· neutral·

RedStone: Tokenized Stocks Jump 395% to $3.16B, but DeFi Use Stays Low

  • —On-chain value of tokenized stocks rose from $640M to $3.16B in a year, up 395%
  • —Tokenized stocks now make up 8.1% of the RWA market, roughly triple last year's share
  • —Only ~2.6% of supply is used as DeFi collateral; xStocks on Kamino and Jupiter Lend account for $43.8M
  • —Binance equity perpetual volume hit $342.9B in August 2026, 32–43x tokenized stock spot volume
Why it matters: Tokenization growth is outpacing actual DeFi usage, signaling speculative demand and room for lending protocols to capture the market.
Source: CryptoPotato