Foresight News reports that DWF Labs published a report stating that, as of the week of October 5, the total market capitalization of tokenized stocks reached $3.8 billion, up 483% from $654 million in the week of January 5. By issuer, Ondo Finance remained in first place with a market capitalization of about $1 billion, but its market share fell from 56% to 26%. xStocks’ market capitalization rose from $187 million to $954 million, giving it a 25% share. Binance’s bStocks, launched in June, had a market capitalization of $905 million and a 24% share. Securitize had a market capitalization of $290 million and an 8% share. Since launching in July, Robinhood’s market capitalization has risen from $20 million to $170 million.

By chain, Ethereum’s share fell from 50% at the start of the year to 22%, while BNB Chain’s rose from 9% to 32% and Avalanche’s from 0 to 9%. In terms of on-chain usage, weekly DEX spot trading volume for tokenized stocks increased from $45.8 million in the week of January 5 to $2.54 billion in the week of October 5. Active DeFi TVL grew from $15.5 million on January 1 to $313 million on October 15, or about 8% of the total market capitalization.