DeFi· ★★★· neutral·

Tokenized Asset Market Grows 141% YoY to $34.5B as On-Chain Trading Diverges

  • —Tokenized asset market value hit $34.5 billion, up 141% year over year
  • —Cash equivalents are the largest class at nearly $18 billion but remain mostly inactive
  • —Equities generate 93% of on-chain trading despite an 8% market share
  • —Single stocks make up 81% of tokenized equity supply versus 19% for ETFs
Why it matters: On-chain tokenized markets are developing their own liquidity patterns, raising questions about how closely they will track the traditional assets they mirror.
Source: BitcoinKE
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Token Terminal: $303.6B in Stablecoins, $46.7B in Tokenized Assets On-Chain