Tokenized Stocks Hit Record $3.9 Billion: Which Network Is Ahead of Ethereum and Solana?

As the total market capitalization of tokenized stocks hit a record $3.9 billion, BNB Chain ranked first among networks by the distribution of these assets, ahead of Ethereum and Solana.

Token Terminal data cited by Wu Blockchain showed that the total value of stocks represented as tokens on the blockchain had reached its highest level yet. The record also drew attention to which networks this market is concentrated on.

BNB Chain Leads with $1.2 Billion

The market capitalization of tokenized stocks on BNB Chain reached $1.2 billion. The figure was $841.9 million on Ethereum and $741.7 million on Solana.

This ranking is based on the value of tokenized stocks on each network. The three networks total approximately $2.8 billion, accounting for about 70 percent of the overall market.

Tokenized stocks allow traditional stocks to be represented on the blockchain. The latest data shows the market reaching a record size, with most of its value concentrated on BNB Chain, Ethereum, and Solana.