Tokenized ETF deposits into DeFi venues surge 19x to $68M

Something is moving quietly through decentralized finance, and it is not memecoins. Tokenized ETF and equity deposits into DeFi protocols have grown roughly 19 times over, reaching $67.6 million, according to data from Token Terminal. That kind of growth, in a sector that has otherwise seen deposits plateau or shrink, is worth pausing on. The short version: investors are taking tokenized versions of real-world stocks and ETFs and putting them to work inside DeFi protocols, borrowing against them or providing liquidity without ever actually selling their positions. Solana out front, Ethereum playing catch-up Solana is where most of this activity is concentrated. Tokenized equity and ETF deposits on the network hit $68.2 million as of August 11, 2026, per Token Terminal data. That figure is more than four times larger than the $15.5 million recorded on Ethereum over the same period. BNB Chain came in at $13.9 million, and Robinhood’s own chain logged $6.7 million. The protocol-level breakdown is equally telling. Uniswap V4 has captured $59.1 million of tokenized stock TVL, while Kamino Lend, a Solana-native lending market, holds $41.7 million. On the issuer side, Robinhood’s tokenize...