Base records $100M in daily DEX trading volume for tokenized stocks

Tokenized stocks trading on Base just hit $100 million in daily decentralized exchange volume, a level the network hadn’t touched in 26 days. For a product category that didn’t exist on the chain five weeks ago, that’s a remarkably fast climb toward relevance. Coinbase’s Ethereum layer-2 network launched tokenized versions of major US stocks on August 24, 2026, and within a month, cumulative trading volume blew past $228 million. What’s actually trading, and where The tokenized stocks available on Base include some of the most recognizable names in public markets: Nvidia (NVDAc), Apple (AAPLc), Alphabet (GOOGLc), and Meta (METAc). Each token follows the B20 standard and is backed 1:1 by actual shares held in custody by Alpaca, a brokerage infrastructure provider. The bulk of this activity is flowing through one venue. Aerodrome, the dominant DEX on Base, has captured more than 77% of all tokenized stock trading volume since launch. In the first week alone, cumulative volume across these tokens reached roughly $94.6 million, and the pace has only accelerated from there. Why tokenized stocks are finding an audience Traditional stock markets operate roughly 6.5 hours a day, five days ...