xStocks weekend DEX volume jumps 23-fold to $55.2 million
- —Median weekend-day volume rose from $2.4 million in July to $55.2 million in September
- —Raydium accounted for roughly 75% of xStocks trading activity
- —30-day DEX volume passed $1 billion by September 15, up 1,011.8% month-over-month
- —Tokenized equities TVL grew from $21.6 million in January to $289 million in September
Why it matters: Tokenized stocks trade around the clock and are pulling volume away from traditional exchanges, but Raydium's dominance concentrates risk in one protocol.
Source: Crypto Briefing