Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.
Make preferred on
Share this article
Summary
- Tokenized stock trading reached a record $11.3 billion in July, a 288% increase, driven primarily by a single QQQ-tied token on Binance, which accounted for 82% of that volume.
- Excluding that token, total market volume fell to $2.03 billion, about 30% lower than the estimated $2.91 billion in June.
- Binance’s QQQB saw massive growth due to zero maker fees through August and a new VIP volume multiplier program introduced on July 23.
