Uniswap leads tokenized stock DEX trading with $17.1 billion in volume

Tokenized stocks on decentralized exchanges have grown from a rounding error into a real business. Trading volume in the category rose 10,163.7% year over year to $48.7 billion, and Uniswap led the field with $17.1 billion. Uniswap’s grip on the market In late September 2026, tokenized stock trading on DEXs reached $20.9 billion over the prior 30 days. Uniswap’s v4 and v3 deployments together handled approximately $12.6 billion of that flow, a 60.1% market share. Uniswap v4 alone held 40.7% of the market. The older v3 version still captured 19.4%. The figures shift depending on the reporting window. The $17.1 billion Uniswap total and the $48.7 billion market total capture the year-over-year surge, while the 30-day snapshot reflects more recent conditions in a market that moves quickly between periods. Quarterly numbers fill in the gaps. Tokenized stock DEX volume reached $7.8 billion in Q3 2026. From 0.1% to a real slice of DEX activity Tokenized equities made up roughly 0.1% of total DEX spot volume at the end of 2025. In 2026, that share climbed to over 4%. One report put cumulative tokenized stock volume from late 2025 through late August 2026 at $13.7 billion, marking a roughl...