In the third quarter of 2026, on-chain transaction volume of tokenized stocks and ETFs exceeded $37 billion.

Dune data shows that on-chain trading volume of tokenized stocks and ETFs exceeded $37 billion in the third quarter of 2026, with monthly trading volume nearly 18 times higher than in January of this year. Hyperliquid's on-chain trading volume of stocks, ETFs, and stock index perpetual contracts reached $201 billion in the third quarter, while DEX spot trading volume reached $6.8 trillion. Currently, approximately 25% of cryptocurrency spot trading takes place on-chain. (Source: Bloomberg)