Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

CoinDesk·

Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

60-second summary

Tokenized stock trading surged 288% in July, with a single QQQ token, QQQB, driving most of the growth. Without QQQB, July volume for tokenized equities would be around $2.03 billion, about 30% below June's total. This indicates the significant impact of QQQB on the market, highlighting its popularity among traders. Market participants are taking notice of this trend.

Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.