Trading volume for tokenized stocks on decentralized exchanges surged by 10,163.7% year-over-year, reaching $48.7 billion. Uniswap emerged as the market leader, accounting for $17.1 billion of this total volume.
In the 30-day period ending in late September 2026, total DEX volume for these assets hit $20.9 billion. Uniswap v4 and v3 combined processed $12.6 billion, securing a 60.1% market share. Specifically, v4 held 40.7% and v3 held 19.4%.
The market share of tokenized equities within total DEX spot volume grew from 0.1% at the end of 2025 to over 4% in 2026. Quarterly data shows that volume reached $7.8 billion in Q3 2026, while cumulative volume for the first three quarters of 2026 was approximately $16 billion.
New platforms are also gaining traction. Robinhood Chain, launched in July 2026, exceeded $3 billion in cumulative volume by late September. Solana and BNB Chain also remain significant contributors to the overall ecosystem activity.
Uniswap introduced Permissioned Pools in its v4 protocol on July 23, 2026. This feature allows issuers of regulated assets to restrict participant access, enabling compliance with securities obligations while utilizing the platform's liquidity.
