Binance bStocks dominates tokenized stocks market as volume hits $8.8 billion

Binance bStocks has emerged as a dominant force in the tokenized equity market, capturing over 85% of tokenized equity decentralized exchange (DEX) volume in July. Monthly trading volume for the service surged to $8.8 billion, up from $2.9 billion the previous month.

Introduced in June, bStocks offers 1:1 tokenized U.S. stocks and ETFs that trade 24/7 on the BNB Chain. The platform provides zero-fee incentives and VIP volume multipliers to attract traders. Notable assets include Circle stock (CRCLB), which allows investors exposure to the company outside of traditional market hours.

On the broader BNB Chain, tokenized assets reached a record $19 billion. While bStocks drives significant volume, data indicates a divergence in network activity; BSC DEX trading volume recently surged 30% over a 30-day period to $841.68 million in a 24-hour window, even as the total value locked (TVL) in BSC DeFi grew by only 1.73%. This suggests high capital turnover and transactional demand utilizing existing liquidity rather than new capital deployment.