Tokenized Stock Trading Falls 64% as Market Value Climbs

Tokenized stocks are gaining market value while generating substantially less trading activity, according to data from Token Terminal . The sector’s market capitalization reached $3.8 billion, up 18.6% over 30 days, even as decentralized exchange (DEX) volume contracted to $16.8 billion. The divergence raises a question for the emerging market: whether growing tokenized equity valuations are being matched by sustainable secondary-market liquidity. The dashboard also shows approximately five million holders and 11,811 listed instruments, although those figures do not establish how many investors actively traded during the reporting period.