Tokenized stock moves: BNB Chain dethrones Ethereum and Solana
BNB Chain has just surpassed a milestone in the tokenized stocks crypto market. The network now hosts approximately $1.1 billion in tokenized stocks and ETFs, representing about 30% of a market valued at roughly $3.7 billion. Ethereum follows with $828 million, while Solana has $738 million. In January, BNB Chain accounted for only 13% of the sector.
BNB Chain surpasses $1 billion in tokenized stocks and ETFs.
The network concentrates around 30% of the market and 45% of addresses.
The sector grew from $719 million in January to around $3.7 billion.
BNB Chain surpasses the billion-dollar mark in tokenized stocks
The shift happened quickly in the crypto universe. In January, Ethereum controlled approximately 48% of the tokenized stocks and ETF market. Solana came next with 31%, while BNB Chain accounted for just 13%. Nine months later, BNB Chain overtakes both networks with around $1.1 billion.
The advance was already visible this summer. In August, Binance bStocks surpassed Kraken’s xStocks with an approximate value of $610.6 million.
Since then, the ecosystem has continued to grow. BNB Chain is particularly home to Binance bStocks and Ondo Global Markets. Binance Research estimates that bStocks alone represents around $800 million after less than four months of existence. The product was launched in late June.
The number of users is growing even faster. Approximately 1.8 million addresses now hold tokenized stocks on BNB Chain. This represents 45% of the total market. BNB Chain’s share among holders far exceeds its share by value. The network attracts many small wallets.
$BNB
$ETH
$SOL
#TOKENIZADAS
BNB Chain has just surpassed a milestone in the tokenized stocks crypto market. The network now hosts approximately $1.1 billion in tokenized stocks and ETFs, representing about 30% of a market valued at roughly $3.7 billion. Ethereum follows with $828 million, while Solana has $738 million. In January, BNB Chain accounted for only 13% of the sector.
BNB Chain surpasses $1 billion in tokenized stocks and ETFs.
The network concentrates around 30% of the market and 45% of addresses.
The sector grew from $719 million in January to around $3.7 billion.
BNB Chain surpasses the billion-dollar mark in tokenized stocks
The shift happened quickly in the crypto universe. In January, Ethereum controlled approximately 48% of the tokenized stocks and ETF market. Solana came next with 31%, while BNB Chain accounted for just 13%. Nine months later, BNB Chain overtakes both networks with around $1.1 billion.
The advance was already visible this summer. In August, Binance bStocks surpassed Kraken’s xStocks with an approximate value of $610.6 million.
Since then, the ecosystem has continued to grow. BNB Chain is particularly home to Binance bStocks and Ondo Global Markets. Binance Research estimates that bStocks alone represents around $800 million after less than four months of existence. The product was launched in late June.
The number of users is growing even faster. Approximately 1.8 million addresses now hold tokenized stocks on BNB Chain. This represents 45% of the total market. BNB Chain’s share among holders far exceeds its share by value. The network attracts many small wallets.
$BNB
$ETH
$SOL
#TOKENIZADAS
