X Layer adds $32 million in tokenized stock market cap in one week

Tokenized stocks on X Layer added $32 million in market cap over the past seven days. That was the third-largest increase of any blockchain network over the period. X Layer is the Ethereum layer 2 network built by exchange OKX, and it had no tokenized equities at all until mid-2026. From zero to a top-three weekly mover The weekly number matters more once you see where the network started. X Layer turned on tokenized equities on June 15, 2026, with a market cap of exactly zero. It got there through a partnership with xStocks, which began in June 2026 and went live shortly afterward. xStocks issues 1:1-backed tracker certificates. Think of each token as a receipt tied to a real share: you get the economic exposure of the stock without holding the share in a traditional brokerage account. The growth since launch has been steep. X Layer’s xStocks market cap reached roughly $91.5 million by September 12, 2026. By October 16, it was close to $200 million in assets under management. By late October 2026, estimates of X Layer’s tokenized stock market cap fell between roughly $259 million and $304 million. The range depends on which data source you check, which is pretty normal for a marke...