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ARK Invest released the Q3 DeFi report: stock tokenization has become the main driving force behind the recovery of on-chain trading activities, accounting for approximately 9% of spot DEX trading volume

ARK Invest's Q3 2026 DeFi report shows that stock tokenization has become the main driving force behind the rebound in on-chain trading activity for the quarter. The trading volume of tokenized stock spot DEX reached approximately $50 billion, about 9 times that of the previous quarter, with its share of total spot DEX trading volume rising from about 1% to around 9%. Overall, DEX spot trading volume increased by approximately 13% quarter-over-quarter to $571 billion, marking the first growth in nearly four quarters.Robinhood Chain achieved approximately $65 billion in DEX trading volume and $51 million in network revenue in its first quarter, with network revenue nearing the level of BNB Chain during the same period. However, ARK expects that recent adjustments to the Gas mechanism will cause the chain's revenue to decline from current levels. The total supply of stablecoins decreased by about 3% quarter-over-quarter to $309 billion, but adjusted trading volume increased by approximately 16% quarter-over-quarter to $781 billion, with the number of monthly active addresses growing by about 39% to 73 million.In the perpetual contract DEX, there is a divergence between open positions and trading volume: the value of open contracts increased by about 76% quarter-over-quarter to $24 billion, while quarterly trading volume decreased by about 16% to $1.4 trillion. Among them, Hyperliquid's open contract value is about $13 billion, accounting for approximately 53%. ARK believes this indicates fewer but larger positions held for longer durations.

first_img OpenStocks launches on BNB Chain, with the token providing only price exposure and no equity

The tokenized Pre-IPO platform OpenStocks has launched on the BNB Chain, offering tokenized economic exposure products for four private companies, including Anthropic (oANTHROPIC), Figure AI (oFIGUREAI), Neuralink (oNEURALINK), and Anduril (oANDURIL). These products are BEP-20 tokens on the BNB Chain mainnet, supporting 24/7 trading with no minimum amount restrictions. Transactions settle on-chain within seconds, using a self-custody model where users trade by connecting their own BNB Chain wallets, and OpenStocks does not act as a custodian.The platform clearly states that these tokens provide only economic exposure to the private stock prices of the companies and do not represent equity, granting holders no ownership, voting rights, dividend rights, or information rights, and OpenStocks has no affiliation with the aforementioned companies. The token prices are set by the on-chain DEX liquidity pools, with PancakeSwap Infinity as the primary trading venue. Tokens are traded against USDT, and the price users pay depends on the quotes in the pool at the time of transaction. The trading page simultaneously displays the latest on-chain token price and the reference price of the underlying company, as well as the implied company valuation based on that price.The platform is not open to individuals within the United States, U.S. citizens, and other ineligible persons, with Singapore being a prohibited jurisdiction. OpenStocks states that it is not a broker-dealer, investment advisor, exchange, transfer agent, or custodian, does not provide investment advice, and has no affiliation with the companies involved.
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