Base crosses $5 billion in DEX volume for tokenized stocks

Coinbase's tokenized US equities have gone from near-zero trading to a multi-billion-dollar market on Base in a matter of months Tokenized stocks on Base have now cleared $5 billion in cumulative decentralized exchange volume. The tokens come from Coinbase , which built Base as its Ethereum layer-2 network. They are 1:1 backed representations of actual US shares, and they trade around the clock. Coinbase launched its tokenized US equities on Base on August 24, 2026. In the first days, trading volume sat near zero. Cumulative DEX volume reached $4.52 billion by November 5, 2026. The pace then picked up further in early November. On November 6, 2026, tokenized stock trading set a single-day record of $150 million.

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