Tokenized stocks hit $3.96 billion in weekend DEX volume, up 106x since November

Tokenized stocks have experienced a massive surge in decentralized exchange (DEX) activity, generating $3.96 billion in weekend trading volume during September 2026. This represents a 106-fold increase compared to November of the previous year, as investors increasingly utilize 24/7 blockchain infrastructure to bypass traditional market closures. The market capitalization for these assets reached approximately $4 billion, marking a 314% year-to-date increase, while total value locked grew from $21.6 million to $289 million. Major issuers like bStocks on BNB Chain and xStocks on Solana are driving this growth, with Uniswap, Raydium, and PancakeSwap serving as primary liquidity venues. Uniswap alone captured roughly 60% of the $20.9 billion cumulative volume recorded in recent periods. This shift highlights a growing appetite for on-chain equities, which now account for over 4% of total DEX spot volume. The ability to trade during weekends suggests that tokenized assets are successfully capturing demand that traditional Wall Street venues cannot accommodate.