BNB Chain crosses $1B in tokenized stocks, ETFs as market hits $3.7B — SkimNews
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- BNB Chain crossed $1 billion in tokenized stocks and ETFs, leading 1.8 million holding addresses that represent 45% of the global total, according to a Binance Research report released Tuesday
- Binance Research attributed BNB Chain's dominance partly to products hosted on the network, including Binance bStocks and Ondo Global Markets tokenized securities
- Tokenized stocks and ETFs grew more than fivefold from $719 million in January to $3.7 billion now, per Token Terminal data cited in the report
- Market share shifted dramatically since January, when Ethereum held roughly 48% of the segment, Solana 31%, and BNB Chain just 13% — meaning BNB Chain has moved from third place to first by address count in under a year
- Ethereum and Solana have lost relative ground despite the overall market expanding sharply, with the dollar-value gap closing as BNB Chain's slice of the pie grew from roughly $93 million (13% of $719M) to over $1 billion
Why it matters: BNB Chain's address share surged from 13% in January to 45% now, overtaking Ethereum — which then held ~48% — as the dominant venue for tokenized equities. With the overall market quintupling to $3.7 billion in the same window, BNB Chain captured both the lion's share of new retail wallets and hosted flagship products from Binance and Ondo, pulling tokenized-stock liquidity away from the chains that previously led the segment.
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