Tokenized Stocks Reach 11% of DEX Trading as Meme Coins Rebound
Tokenized stocks accounted for an average 11% of decentralised exchange (DEX) trading volume in September, according to Binance Research data cited by BeInCrypto. Meme coins remained the largest category at 17%, although tokenized stocks briefly overtook them in late July.
The growth of tokenized stocks has been rapid. Their share of DEX activity was close to zero in 2025, but their market capitalisation exceeded $3 billion in the fourth week of September. On-chain transfers rose from about $6 billion in the first quarter to more than $100 billion in the third quarter. Tokenized-stock DeFi total value locked also reached approximately $247.8 million, up 1,961% year on year, with Robinhood Chain, Solana and BNB Chain accounting for nearly 90% of the total.
Meme coin activity is also recovering. Dogecoin gained about 17% in the week ending 24 September, while launchpads on Solana and Robinhood Chain continued to attract traders. Robinhood Chain reportedly exceeded $1 billion in daily DEX volume in late August, driven partly by meme tokens.
The article argues that tokenized stocks and meme coins may develop together rather than compete. Traders could see stock-market catalysts, tokenized equity activity and related meme narratives converge across 24/7 DEX markets. However, tokenized stocks do not necessarily provide the same legal rights, custody or redemption mechanisms as conventional shares.
For traders, liquidity, wallet concentration, transaction volume and Smart Money activity may be more informative than price alone. Ave.ai is presented as a platform for tracking these on-chain indicators across multiple networks. The trend is potentially constructive for DEX adoption, but fragmented liquidity, speculative excess and product-structure risks remain significant.
Neutral
The market impact is best classified as neutral because the article describes an emerging trend rather than a confirmed capital-flow event or a specific protocol upgrade. Growth in tokenized stocks could be bullish for DEX usage, on-chain liquidity and DeFi adoption. The reported rise from nearly zero market share to 11%, the market capitalisation above $3 billion and the increase in transfers to more than $100 billion indicate stronger trader interest.
However, meme coins still lead DEX activity at 17%, and their renewed momentum may compete for the same liquidity. The reported 51% decline in monthly transfer volume despite nearly three million tokenized-stock holders also suggests that user growth has not necessarily produced deep, reliable markets. Fragmented liquidity across Solana, BNB Chain, Robinhood Chain, Base and Ethereum could increase slippage and volatility.
In the short term, traders may rotate into stock-linked tokens, meme coins and narratives tied to earnings, AI news or corporate events. This could lift DEX volumes but also increase leverage, scams and sharp reversals, similar to previous meme-coin surges and the 2021 meme-stock cycle. In the longer term, tokenized stocks could broaden crypto market access and create new DeFi use cases if issuers provide credible backing, custody and redemption arrangements. Until those standards mature, the development supports adoption but does not justify a broad bullish market call.