Tokenized stock daily trading volume surpasses $3.57 billion, hitting a new all-time high.

This figure is not a meme coin celebration, but rather on-chain replication of Nasdaq liquidity.
The event itself: According to The Block data, on-chain trading volume of tokenized stocks has been steadily rising since the beginning of the year, reaching $3.57 billion on Monday.
Behind it is the thickening pipeline between traditional finance and DeFi—from BlackRock's BUIDL to Ostium's US stock perpetual contracts, on-chain asset issuance is no longer just experimental.
Why is this important now?
Funding rates indicate that bearish sentiment is weakening, but Bitcoin still struggles below $77k.
The increased volume of tokenized stocks suggests that funds have not exited but are seeking new pricing vehicles.
When Wall Street stocks can be traded on-chain 24/7, the narrative in crypto markets is shifting from “resisting traditional finance” to “parasitizing and expanding.”
Counter risk: liquidity centralization.
Currently, on-chain stock trading heavily depends on a few protocols and market makers, and if disanchoring or regulatory crackdowns occur, volatility could be more intense than in traditional markets.
Additionally, the SEC's framework for tokenized stocks is still unclear, and regulatory delays could trigger the next wave of volatility.
$btc #buidl #DeFi #rwa #On-chain Data