Ethereum tokenized stock volume reaches about $827 million after 170% yearly growth
In brief
- Ethereum tokenized stock volume grew 170% over the year, per Token Terminal data cited by U.Today.
- Ethereum tokenized stock volume sits between $827 million and $841 million, per U.Today.
- 86% of tokenized stocks use a 1:1-backed, stablecoin-style model, U.Today says.
- Ethereum holds 53.8% of the $294.75 billion stablecoin market, U.Today reported.
- Decentralized derivatives venues hit a record $1.76 billion in open interest, U.Today reported.
What the Token Terminal data shows
U.Today cited a report from analytics platform Token Terminal saying the real-world assets (RWA) sector has outgrown the experimental stage. That's the main claim. The numbers behind it are smaller than the "boom" framing suggests, though.
Ethereum's tokenized stock volume sits between $827 million and $841 million, per U.Today. The outlet said the total value of tokenized securities on alternative chains is measured in billions of dollars, a bigger pool than Ethereum's figure. It still described Ethereum as one of the key channels for digitized equities.
A stablecoin-style model
Most of these products are built like stablecoins.
According to U.Today, 86% of tokenized stocks are issued under a model resembling classic stablecoins. The instruments are backed 1:1 by the underlying asset, and they work without the direct operational or legal involvement of the company that issued the original securities. (U.Today doesn't name a data firm for the 86% figure.)
That's where Ethereum's position gets interesting. The network holds 53.8% of the global stablecoin market, or $158.71 billion out of $294.75 billion, U.Today reported. Unnamed professional market participants cited in the piece see tokenized equities as a possible repeat of the stablecoin story, this time in the stock market. It's a big claim, and the report doesn't say who's making it.
Derivatives on decentralized venues
The other half of the trend is derivatives. Open interest on decentralized derivatives venues hit a record $1.76 billion, U.Today reported, with contracts on tokenized stocks making up the largest share. The outlet didn't cite a data source for that number.
U.Today pointed to Hyperliquid as one example of that ecosystem. It said the platform directs $1.24 million a day to buying back its native HYPE token on the open market, and that HYPE is supported by an inflow of new holders.
The report doesn't break down how much of that $1.76 billion in open interest sits on Hyperliquid itself, or how much of it ties back to Ethereum.
Frequently asked questions
How are most tokenized stocks structured?
According to U.Today, 86% of tokenized stocks are issued under a model resembling classic stablecoins. The instruments are backed 1:1 by the underlying asset and work without the direct operational or legal involvement of the original securities' issuer.
How large is tokenized stock volume on Ethereum?
Token Terminal data cited by U.Today shows tokenized stock volume on Ethereum grew 170% over the year to about $827 million by the end of October. U.Today gives a range of $827 million to $841 million.
