The market value of tokenized stocks on BNB Chain rose by USD 441.5 million over the past 30 days, the largest increase among blockchain networks tracked by Token Terminal.
Data shared by the analytics platform showed gains on X Layer and Solana over the same period. Avalanche moved in the opposite direction, recording the largest decline. The figures measure changes in market capitalization rather than the amount of new investment.
X Layer added USD 173.7 million in tokenized stock market value during the 30-day period, Token Terminal reported. Solana followed with USD 90.8 million. Together, those increases amounted to USD 264.5 million, below the change recorded on BNB Chain.
Avalanche, meanwhile, lost USD 176.5 million in market capitalization, the largest decline in the network comparison. The update did not identify the stocks or token issuers behind the decrease. It also did not explain whether the decline reflected redemptions, transfers to other chains or changes in token prices.
A rise in market capitalization does not necessarily mean an equal increase in purchases. Changes in token supply and asset prices can both affect the total value. The same distinction applies when a network reports a decline.
Tokenized stocks are blockchain-based representations of shares in publicly traded companies. Their structure differs by issuer, including how issuers hold the underlying assets and what rights token holders receive.
The latest figures follow a period of growth in tokenized equity products on BNB Chain. Binance Research reported in September that the network held approximately USD 1 billion in tokenized stocks in mid-September, representing about 34% of the market covered by its analysis.
The Binance Research report also counted around 1.8 million tokenized stock holders on BNB Chain. That represented 45% of the holders in its dataset. It identified Binance bStocks and Ondo Global Markets among the offerings available through the network.
However, holder counts and market capitalization measure different aspects of the sector. Holder counts track participation within a dataset, while market capitalization measures the total value of outstanding tokens.
Across the wider sector, Binance Research reported that on-chain tokenized stock transfers exceeded USD 100 billion in the third quarter of 2026. That compared with approximately USD 6 billion in the first quarter. Transfer volume measures token movements and does not necessarily represent new investment.
Token Terminal also released separate 30-day market capitalization figures for tokenized exchange-traded fund products. Binance bStocks recorded an increase of USD 140.5 million, compared with USD 86.4 million for Ondo and USD 61.3 million for xStocks.
That breakdown compares products by provider rather than entire blockchain networks. It also focuses on tokenized ETFs, while the network figures cover tokenized stocks more broadly. Therefore, the two datasets measure different market categories.
BNB Chain had reported in June that its ecosystem supported more than 709 tokenized stocks and ETFs. At the time, the network said cumulative trading volume across these products had surpassed USD 5 billion.
Their combined market capitalization had also exceeded USD 1 billion, according to BNB Chain's figures at the time.
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