Tokenized stocks average 11% of DEX trading in September, versus meme coins' 17%

Tokenized stocks averaged 11% of decentralized exchange (DEX) trading in September, according to Binance Research. Meme coins averaged 17% over the same month, a gap of six percentage points. Binance Research suggests equities are absorbing some trading activity that meme coins once dominated. Tokenized stocks held close to a 0% DEX share through 2025 and most of the first half of 2026, according to Binance Research. Tokenized stocks briefly surpassed meme coins in late July. Meme coins' DEX share ranged from 6% to 53% during 2025 before averaging 17% in September. Binance Research described the onchain economy as expanding from crypto-native assets toward a network where crypto and traditional assets trade together. The tokenized stock market exceeded $3 billion in market capitalization during the fourth week of September, according to RWA.xyz data cited by Binance Research. Tokenized stocks were the fastest-growing real-world asset category of 2026. BNB Chain hosted about $1 billion, or 34%, of the tokenized stock market as of mid-September, according to Binance Research. Onchain transfers of tokenized stocks, including trades, rose from $6 billion in the first quarter to more than $100 billion in the third quarter. Tokenized stock deposits in decentralized finance protocols also increased over the past year. October data will show whether tokenized stocks can maintain a double-digit DEX share and challenge meme coins again.