Tokenized Stock DeFi Deposits Surpass $300 Million, Growing Approximately 25 Times in a Year

On October 26, according to Cryptopolitan, data from Token Terminal shows that the total deposits of tokenized stocks in DeFi protocols have surpassed $300 million, continuing to rise from $262 million last month. This represents a 2,451.5% increase compared to the approximately $11.8 million recorded a year ago. Deposits are distributed across 20 issuers and 10 blockchains.

Data shows that growth was primarily concentrated in the third quarter: deposits stood at $80.1 million at the start of the quarter, rising to $265 million by September 30, marking a quarterly increase of approximately 230%. This timeline coincides with Binance launching bStocks in June and the rollout of Robinhood Chain in July.

In terms of chain distribution, Solana leads with $102.6 million, accounting for a 34.2% share. Robinhood Chain and Ethereum rank second and third, with BNB Chain holding $42.8 million and Base holding $24.3 million. The top five chains collectively account for approximately 96%. Regarding issuers, xStocks accounts for over 39%, followed by Robinhood at $70.8 million, Binance bStocks at $38.4 million, and Ondo Finance at $3.4 million.