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Tokenized stock value locked in DeFi reached $247.8 million, a 1,961% annual increase. Explore the growth of onchain equities and emerging market trends.
Tokenized stock total value locked (TVL) in decentralized finance protocols climbed to $247.8 million over the past year, marking a 1,961% increase as onchain infrastructure matures [2]. This growth signals a shift in how tokenized equities are utilized, moving beyond passive holding into active roles within lending markets and liquidity pools [2].
| At a glance | |
|---|---|
| Annual TVL Growth | 1,961% |
| Total Tokenized Stock TVL | $247.8 million |
| Top 3 Chains Market Share | 89.5% |
| Primary Catalyst | Onchain lending and stock-paired trading |
The expansion of tokenized stocks is concentrated heavily within three networks: Robinhood Chain, which holds $98.2 million in TVL, followed by Solana at $87.4 million and BNB Chain at $36.3 million [2]. Together, these platforms account for 89.5% of the total TVL [2]. Binance Research data indicates that active DeFi TVL across the broader sector rose from $21.6 million in January to $289.1 million by September 9, with tokenized stocks playing an increasingly central role in this expansion [2].
The utility of these assets has evolved significantly, with liquidity pools now accounting for 65.4% of TVL and lending markets representing 28.1% [2]. Borrowing activity has also intensified; outstanding borrowing against stock tokens rose from 5.5% of deposited collateral at the end of June to 46.2% by September 10 [2]. This trend is further bolstered by the use of tokenized stocks as quote assets for trading against other tokens, particularly meme coins, which generated billions in volume on Robinhood Chain and BNB Chain between late July and early September [2].
While the $247.8 million in DeFi TVL represents a significant milestone, the broader market for tokenized stocks—including assets held outside of DeFi protocols—reached a high near $2.9 billion in mid-September [2]. Analysts suggest that the ability to use these tokens as quote assets for crypto-native trading is lifting turnover without requiring a proportional increase in traditional buy-and-hold equity demand [2].
New infrastructure continues to emerge to support this activity. For instance, the Asentum blockchain recently launched Auras.finance, a decentralized exchange designed to allow users to trade assets and manage liquidity pools directly on its Layer 1 network [3]. Asentum’s architecture, which utilizes post-quantum signatures and provides immediate transaction finality, aims to integrate these trading experiences into its upcoming Incentivized Testnet, scheduled to open on September 17 [3].
The central question for the sector remains how much of the $2.9 billion in distributed tokenized stock value will transition into active DeFi use cases versus remaining as passive assets [2]. As issuance constraints diminish, the sustainability of this growth will likely depend on the depth and reliability of the onchain lending and trading markets currently being built [2].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Sep 18, 2026 · How we report
A Dao Crypto organization is a decentralized autonomous entity that uses smart contracts and governance tokens to manage protocols or applications. Participants hold tokens to propose and vote on changes, such as adjusting collateralization ratios or interest rates, as seen in the operation of MakerDAO.
MakerDAO governance functions through the MKR token, which grants holders the right to vote on smart contract parameters in proportion to the amount of tokens they own. These votes determine accepted collateral types and interest rates, which directly influence the supply and stability of the DAI stablecoin.
While Dao Crypto projects are often described as tools to fight censorship due to the immutable nature of the blockchain, they are still subject to community-led actions. For example, the Ethereum Name Service demonstrated that a DAO can vote to remove individuals from their positions based on community standards.
MakerDAO underwent a rebranding to the name Sky in August 2024. This transition was part of an effort to bolster the usage of its decentralized finance ecosystem and its associated stablecoin products.