Dune data showed that Q3 tokenized stocks and ETF on-chain trading volume exceeded 37000000000 USD
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AT A GLANCE
The report said that in the third quarter of 2026 tokenized stocks and ETF on-chain trading volume exceeded 37000000000 USD。
Article
Dune report:Q3 tokenized stocks and ETF on-chain trading volume exceeded 37000000000 USD, with monthly trading volume increasing by nearly 18 times year to date
PANews October 23 reported, citing Bloomberg, that in the third quarter of 2026 tokenized stocks and exchange-traded funds (ETF) on-chain trading volume exceeded 37000000000 USD, with monthly trading volume increasing by nearly January compared with 18 times this year. In addition to tokenized stocks, on-chain stock,ETF and stock-index perpetual contract trading also grew. Dune data showed that trading volume for such perpetual contracts on Hyperliquid in the third quarter reached 201000000000 USD，DEX while spot trading volume reached 6800000000000 USD, and approximately 25%of cryptocurrency spot trading is currently conducted on-chain.
PANews reported, citing Bloomberg, that in the third quarter of 2026 tokenized stocks and ETF on-chain trading volume exceeded 37000000000 USD。
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The report said that monthly trading volume increased by nearly 2026 times compared with January year, 18 times.
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Dune data showed that trading volume for stocks,ETF and stock-index perpetual contracts on Hyperliquid in the third quarter reached 201000000000 USD。
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The report said that DEX spot trading volume reached 6800000000000 USD。
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The report said that approximately 25%of cryptocurrency spot trading is currently conducted on-chain.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Tokenized stocks and ETF involve placing the relevant assets on-chain for trading in token form; perpetual contracts are derivative contracts with no fixed expiration date. The data listed in the article indicate that these on-chain markets saw relatively large trading volumes in the third quarter.
Why it matters to readers
Growth in trading volume can be used to observe the activity level of on-chain stocks,ETF, stock-index contracts, and cryptocurrency spot trading, but trading volume itself does not equal revenue, profit, or long-term adoption.
Beginners can understand trading volume as the total value of transactions completed over a period of time. A larger figure indicates more active trading, but does not directly mean that asset prices will rise, nor can it alone prove that the market is sustainable.
Risks and unknowns
The material does not provide Dune's original data page or the Bloomberg article, so the key figures cannot be independently verified based on the current evidence.
The specific calculation basis for “nearly 18 times” and the original monthly data were not disclosed.
6800000000000 USD DEX The statistical scope and calculation method for spot trading volume and the approximately 25%share were not specified.
The current material cannot confirm whether trading volume will continue to grow.
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Related concepts
Tokenized Stocks
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
