Token Terminal Data: Over the past year, tokenized stocks on DEXes saw trading volume of about $48.7 billion, surging roughly 10,164% year over year; Uniswap alone accounted for about $17.1 billion.

But let’s temper the enthusiasm—this kind of asset distribution market cap is around $3.2 billion; trading volume is far greater than the outstanding supply. Activity is highly concentrated too, with a single QQQb item making up nearly 29%. Hot trading ≠ evenly distributed liquidity—many of these assets are actually hard to enter and exit.#代币化股票 #Uniswap #RWA