Tokenized stock transfer volume jumped 415% in 30 days to $29.5B, with active addresses and holders more than doubling over the same period. That is a sharp acceleration in onchain equities activity. Meanwhile the broader market pulled back: global market cap fell 2.27% in 24h, BTC sits near $78,031 and ETH near $2,452, both roughly flat on the day. Observation: tokenized equities are expanding while major crypto assets stall — a divergence worth watching. Interpretation: the growth is real but from a low base, and transfer volume alone does not prove sustained demand. What matters next is whether active-address growth holds beyond this 30-day window or reverts once the novelty fades.