Coinbase’s tokenized stocks exceed $1B in DEX trading volume within first month

Coinized versions of major US equities trading on Coinbase’s Base network have blown past $1 billion in decentralized exchange volume in roughly their first month of existence. The milestone, recorded as of September 19, represents an 830.5% month-over-month increase in trading volume. How the tokenized stocks work Coinbase launched its tokenized equities on August 24, starting with four of the most recognizable tickers in global finance: Nvidia (NVDAc), Apple (AAPLc), Alphabet (GOOGLc), and Meta (METAc). Each token is built using the B20 token standard and represents a 1:1 claim on the underlying share, which is held in regulated custody. These tokens live natively on Base, Coinbase’s layer-2 network, and trade on decentralized exchanges rather than through a centralized order book. The product is currently restricted to eligible non-US users only. The numbers behind the surge Cumulative DEX volume on Base for these tokenized stocks hit approximately $228 million by the end of August. On September 12 alone, a single-day record of $100 million in trading volume was recorded. By September 19, the 30-day rolling volume had crossed the $1 billion threshold. The liquidity picture is no...