The tokenized equities market grew by 483% to $3.8 billion between January and early October 2026. According to DWF Labs, Ondo Finance saw its market share decline from 56% to 26% during this period, despite maintaining a leading position with approximately $1 billion in value.
New market entrants have gained significant traction. Binance's bStocks reached $905 million, securing a 24% market share, while xStocks grew to $954 million, holding 25%. Robinhood’s tokenized assets rose to $170 million following their July launch, and Securitize reached $290 million.
Network distribution has shifted significantly. Ethereum's share dropped from 50% to 22%, while BNB Chain grew from 9% to 32%. Avalanche, which held no share in January, reached 9% by October. Solana's trading share fell from 99.8% to 31%, with Robinhood Chain, BNB Chain, and Base capturing 26%, 25%, and 18% respectively.
On-chain activity surged, with weekly transfer volume increasing 41.8-fold to $17.5 billion. Total value locked in DeFi protocols rose 20-fold to $313 million. Despite this growth, the sector remains small compared to the global traditional equity market, which is estimated at $150 trillion.
