BNB Chain has become the first blockchain on which the volume of tokenized stocks and exchange-traded funds (ETF) exceeded $1 billion. According to Token Terminal, the total market capitalization of tokenized stocks and ETF grew by approximately 17% in September, reaching $3.35 billion, compared with $2.87 billion in August.
As of publication, the market capitalization on BNB Chain stood at $1.1 billion, or roughly 30% of the total market volume of $3.7 billion, followed by Ethereum with $828 million, or 22%, and Solana with $738 million, or 20%.
According to a Binance Research report published on Tuesday, the BNB Chain network also leads in the number of tokenized stocks — $1.8 million, accounting for 45% of the total. The network features products such as Binance's tokenized securities bStocks and Ondo Global Markets.
According to Token Terminal, the volume of tokenized stocks and ETF has grown more than fivefold, from $719 million in January, when Ethereum accounted for about 48% of the market, Solana for 31%, and BNB Chain for just 13%.
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