xStocks tokenized equities cross $1B onchain market cap, up 802.5% in a year
- —Onchain market cap rose from about $685 million in early September to $1 billion by October 25
- —Catalog expanded from roughly 60 tickers to over 1,300 assets across 11+ blockchains
- —Cumulative trading volume surpassed $40 billion, with DEX activity above $1 billion in September alone
- —Tokens are structured as tracker certificates with 1:1 backing and are off-limits to US persons
Why it matters: The tokenized equities category reaching $2.67 billion shows real demand for round-the-clock stock trading, though US restrictions limit its reach.
Source: Crypto Briefing