Tokenized stocks just hit a fresh milestone in decentralised finance (DeFi) usage.
Data from Token Relations and Token Terminal shows nearly $300 million in total value locked (TVL) across the top six networks at the end of October.
That figure climbed 12% from the prior month and marks a clear high for the category.
Solana leads the pack with $97.3 million in deposits. Robinhood Chain follows at $68.9 million, while Ethereum holds $53 million. BNB Chain, Base and X Layer round out the list with smaller but still meaningful shares.
What Does the Latest DeFi TVL Data for Tokenized Stocks Show?
The numbers confirm that more holders now put these assets to work rather than simply hold them. In particular, lending markets and liquidity pools absorbed the bulk of the new capital.
Meanwhile, the overall tokenized stock market sits in the $3 billion to $4 billion range, so DeFi utilisation remains a still-growing slice of the total.
Beyond pure size, the 12% monthly jump signals accelerating confidence among onchain users.
How Do the Top Networks Compare in Tokenized Stocks DeFi Activity?
Solana continues to dominate with its deep liquidity and fast settlement. At the same time, Robinhood Chain has climbed rapidly since its launch and now occupies a strong second place.
In contrast, Ethereum maintains a solid third position through established venues such as Uniswap.
On top of that, BNB Chain and Base keep adding steady volumes from their respective user bases.
Overall, the top three networks account for the clear majority of active deposits.
Why Are Tokenized Stocks Moving into DeFi Protocols?
Users want yield and leverage without selling their equity exposure. For example, depositing a tokenized share into a lending market lets holders borrow against it while keeping upside.
Furthermore, concentrated liquidity pools on decentralised exchanges (DEXs) create tighter spreads and better price discovery.
Notably, issuers such as xStocks and others have made their tokens compatible with major protocols, which removes friction and encourages further deployment.
What Does This Growth Mean for the Broader Market?
The rise in productive use shows the category is maturing beyond simple ownership.
Still, the vast majority of tokenized stocks remain outside DeFi, leaving ample room for expansion.
Ultimately, continued integration with lending, yield and trading venues should drive deeper liquidity and attract larger capital pools over the coming quarters.
