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Backpack Claims 27% Share of Tokenized-Equity DEX Trading

The claim covers one day, Oct. 25. Tokenized-equity DEX trading totaled $49.7 billion across networks in the third quarter.

By Enna Lee
Published
Brass share tokens form a cluster beside a larger steel group / TokenPost.ai
Brass share tokens form a cluster beside a larger steel group / TokenPost.ai

Backpack claimed it accounted for 27% of tracked decentralized-exchange trading in tokenized equities on Oct. 25. The figure describes one day of activity in a market that recorded $49.7 billion in tokenized-equity DEX trades across networks during the third quarter.

Tokenized equities made up about 9% of all spot decentralized-exchange volume in Q3, compared with 1% in Q2.

The 27% figure is a daily share, while the $49.7 billion figure totals trading over three months. They describe different measurement periods and units.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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