Tokenized-Equity Value Reaches $3.8 Billion as DEX Volume Falls

Tokenized-equity market value reached an estimated $3.8 billion for the week of Oct. 5, while decentralized exchange trading remained well below its late-August peak. The estimate for the week of Oct. 5 was 5.8 times the $654 million level for the week of Jan. 5. Weekly spot trading on decentralized exchanges, or DEXs, reached $2.54 billion, up from $45.8 million in the same comparison, a 55-fold increase. Trading did not climb steadily. The Aug. 31 week marked the high at $7.26 billion; Robinhood Chain represented $5.36 billion, or 74%, of that total. By the week of Oct. 5, volume had fallen about 65% from that high. Transfers between blockchain addresses totaled $17.5 billion for the week of Oct. 5, compared with $420 million for the week of Jan. 5.

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