Tokenized Stocks See Explosive Growth as SPY, Google, and Robinhood Lead Rally

Three tokenized stocks generated $7.1 billion in DEX volume, accounting for nearly 45% of the category's total activity. Tokenized versions of SPY, Google, and Robinhood’s own stock led a burst of on-chain trading activity over the past month, with Token Terminal data showing SPY on Robinhood Chain up by more than 1,300% in 30 days to an over $17 million market cap. The moves point to fast-growing retail and platform interest in tokenized equities across several blockchains and issuers, even as trading volume in the category stays concentrated in a handful of tokens. SPY, rGOOGL, and HOODb Lead a Month of Rapid Growth Token Terminal posted the data on September 7, showing SPY’s Robinhood Chain deployment gained the most ground of any tokenized stock over the past 30 days, jumping 1,314% to a $17.4 million market cap. Reality’s rGOOGL on Arbitrum followed with a 530.9% increase to $18.8 million, while Binance bStocks’ HOODb rose 428.7% to $5.7 million. The gains were not limited to the three largest movers. Binance bStocks’ MSTRb reached $53.8 million after rising 334.6%, making it the largest asset by market capitalization among the top five listed by Token Terminal. Robinhood’s NV...