Tokenized TSLA shares lead XStocks growth to breaking past $2B daily trading volume
The post Tokenized TSLA shares lead XStocks growth to breaking past $2B daily trading volume appeared on BitcoinEthereumNews.com.
XStocks broke above $2B in daily trading volumes in a little over a month since their launch as XStocks attempt to become the go-to standard for tokenized shares. XStocks achieves over $2B in daily trading, competing with some of the top crypto assets, getting a boost from tokenized TSLA shares. The tokenized shares are trying to become the go-to standard for on-chain shares. Based on Dune analytics data, XStocks achieved $2.025B in volumes on centralized and decentralized markets combined. For now, centralized trading dominates with $1.92B of the total, with a smaller DEX market. Kraken remains the leading market for XStocks XStocks expanded their role after launching on Kraken at the end of June, opening the market to 60 tokenized equities, as Cryptopolitan reported. Kraken remains the biggest single market with XStocks assets under management. The total value of all tokenized XStocks is around $43M, with $8.7M of those carried by Kraken. Currently, a little over 25K wallets hold XStocks, as they compete for attention with other crypto trends. For now, XStocks shows promise of being one of the widely accepted standards for tokenized shares, with the potential to gain sufficient liquidity. Tokenized TSLA shares take the lead Tokenized TSLAx shares are the most preferred stock for trading. They are the first tokenized asset to attract over 10K users. The tokenized shares issued are valued at over $12M, with $6.8M in daily trading. TSLAx is the most popular tokenized stock and the first one with over 10K holders. | Source: Dune Analytics Gate, Raydium, and XT.com make up the bulk of TSLAx trading. However, unlike regular tokens, XStocks are not as easily traceable. The contract address will not reveal the top trader whales or any insider transfers between wallets. Based on Dune Analytics data, on-chain volumes have transferred nearly $395M…
Filed under: News - @ August 6, 2025 3:28 pm