Tokenized Circle stock in DeFi climbs to $7.7 million

Raydium and Uniswap hold most of the CRCLx deposited on-chain, as DeFi balances more than doubled since mid-August Shares of Circle Internet Group are earning their keep in decentralized finance. As of October 20, 2026, approximately $7.7 million in tokenized Circle stock had been deposited into DeFi protocols. It is sitting in liquidity pools, backing loans and trading around the clock on Solana and Ethereum . The token in question is CRCLx, issued by xStocks. Each token is backed 1:1 by real Circle shares held in custody. Raydium is the largest single venue. Its concentrated liquidity market maker pools on Solana hold around $3 million in CRCLx. A concentrated liquidity pool lets providers park their capital within a chosen price range instead of spreading it thin across every possible price.

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