Grayscale: Robinhood Chain, BNB, Solana Lead $3B Weekly Stock Trade

Key Takeaways

• Weekly tokenized equity trading volume peaked near $3 billion.
• Onchain tokenized stock value locked surpassed $110 million.
• Lending and collateral use remain small but are expanding rapidly.

Tokenized Equity Trading Reaches New High

Tokenized equity trading climbed to new highs in August as blockchain-based stocks attracted activity across several major networks. Grayscale Head of Research Zach Pandl said weekly spot volume peaked near $3 billion early in the month, while Robinhood Chain, BNB Chain, and Solana accounted for most volume during the final week covered by the firm’s Sept. 3 analysis.

The growth remains concentrated in trading rather than broader financial activity. Grayscale said only about 5% of the tokenized equity market is deployed in onchain finance, although total value locked has surpassed $110 million. The crypto asset manager further stated:

“Tokenized equities are scaling first as a global trading product. A growing capital base and possible US regulatory experimentation could support their transition from access to financial utility.”

The asset manager identified Jupiter and Kamino as Solana lending venues, while Uniswap, Pancakeswap, and Raydium provide trading infrastructure.