TL;DR
On-chain activity in the tokenized stock market recorded a notable surge, reaching $7.1 billion in volume concentrated in three primary assets over the past 90 days, according to data released by Token Terminal on Monday, September 7.
The fastest-growing tokenized stock deployments over the past 30 days:
SPY on Robinhood Chain: +1,314% to $17.4M
rGOOGL on Arbitrum: +531% to $18.8M
HOODb on BNB Chain: +429% to $5.7M pic.twitter.com/dBT04959Hc— Token Terminal
(@tokenterminal) September 7, 2026
Offerings tied to exchange-traded funds and tech giants led this momentum across multiple blockchain networks. According to Token Terminal’s technical report, the SPY contract deployed on Robinhood Chain was the top-performing asset by percentage gain over the past 30 days, surging 1,314% to push its market capitalization to $17.4 million.
Meanwhile, the rGOOGL asset, issued by Reality on the Arbitrum Layer 2 network, posted a 530.9% gain to reach an $18.8 million valuation over the same one-month period. Binance bStocks’ HOODb token saw a 428.7% rise, bringing its market value to $5.7 million.
The analytics firm’s report details that this global footprint was not limited to these issuers alone. Binance bStocks’ MSTRb token reached a market capitalization of $53.8 million following a 334.6% gain in 30 days, becoming the highest-valued asset in the sample analyzed by Token Terminal.
Similarly, other issuances posted significant rallies over the past four weeks. Platform data shows that the NVDA version on Robinhood Chain gained 284.4% to reach $15.2 million, while SPACEX climbed 276.6% to stand at $8.7 million. Contracts linked to AAPL and GME also closed the 30-day window with gains of 249.9% and 219.4%, respectively.
Trading activity on decentralized exchanges remained concentrated in a narrow group of instruments. According to metrics from Token Terminal, the QQQb asset led trading volume over the past 90 days, generating $4.5 billion.
This instrument was followed by SPYx with $1.5 billion and SPCXb with $1.1 billion over the same quarterly period. Together, these three synthetic representations commanded $7.1 billion, accounting for 44.7% of the total $15.9 billion handled by the digitalized equities sector across DEX platforms.
This liquidity coincided with the launch of Robinhood Chain in early July 2026. According to on-chain records, the network surpassed $200 million in total value locked (TVL) during its first week of operation, drawing inflows from both corporate synthetic assets and community tokens.
Historical data from CoinGecko indicates that the number of listed tokenized stocks rose from 14 assets in January 2024 to 478 in May 2026. This reflects an expansion of more than 3,300% in available listings, outpacing the growth rate of real-world assets (RWA) and artificial intelligence-linked tokens over the same timeframe.
The pace of this growth prompted institutional scrutiny regarding its underlying technical framework. A report released by the International Monetary Fund (IMF) in April noted that atomic settlement eliminates the standard settlement delays banks and regulators rely on to navigate liquidity stress, potentially narrowing the operational window needed to rectify technical glitches or curb financial contagion.
On the regulatory front, South Korean financial authorities plan to roll out their stablecoin-backed tokenization framework toward 2027, setting new ground rules for settling equity-linked assets across decentralized networks.
