Tokenized Stocks Reach $247.8 Million TVL in DeFi, Driven by Lending and Liquidity Pools

Tokenized stock TVL in decentralized finance (DeFi) protocols grew 1,961% year‑over‑year, reaching $247.8 million, according to data from Token Terminal.

Key Chains Holding Tokenized Stock TVL

• Robinhood Chain: $98.2 million
• Solana: $87.4 million
• BNB Chain: $36.3 million

These three chains together account for 89.5% of the total TVL.

How Tokenized Stocks Are Used in DeFi

• Liquidity pools: 65.4% of TVL
• Lending markets: 28.1% of TVL
• Yield‑tokenization: 5.7% of TVL
• Other activities: 0.8% of TVL

Lending Activity Highlights

Borrowing against tokenized stocks (bStocks) rose from 5.5% of deposited collateral at the end of June to 46.2% by September 10, representing roughly $3.1 million borrowed against $6.8 million of collateral.

Cross‑Token Trading and Meme Coin Pairings

Stock‑paired meme coin markets generated about $2.49 billion on Robinhood Chain and $2.90 billion on BNB Chain between late July and early September. Analysis by SQD showed that 32.1% of cumulative stock token volume on Robinhood Chain up to August 30 involved trades against other tokens, primarily meme coins.

Broader Market Context

Active DeFi TVL rose from $21.6 million in January to $289.1 million by September 9, increasing DeFi’s share of active market cap from 2.2% to 7.2%.

Distributed Value

Distributed value for tokenized stocks peaked near $2.9 billion in mid‑September, reflecting tokens that can move freely between wallets.