# Tokenized-Stock DEX Volume Mostly Fell Outside U.S. Hours in October

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/46924
Published: 2026-11-02T21:13:23.000Z
Updated: 2026-11-02T21:13:23.000Z
Section: Investing

> From Oct. 2-31, 65% of measured volume fell outside the weekday 9:30 a.m.-4 p.m. ET session, including 18% in a defined weekend window.

Tokenized-stock decentralized exchanges recorded 65% of measured volume outside the weekday U.S. stock session from Oct. 2-31, in a five-network tally that does not isolate Jupiter.

The outside-session share includes premarket, evening, overnight and weekend swaps, so the 65% figure does not mean all the activity came after the 4 p.m. close. The weekend portion accounted for 18% of measured volume, using a window from 8 p.m. Friday to 8 p.m. Sunday ET.

The tally covered swaps involving tokens from six issuers on Solana, Robinhood Chain, Base, BNB Chain and Ethereum. It counted each swap and excluded activity inside issuer apps and on centralized exchanges. The broader October total was $10.3 billion, but that figure includes an estimate for Oct. 1; the 65% session breakdown covers Oct. 2-31. The tally measures swaps rather than unique investors or orders, so it describes transaction activity rather than customer counts.

Because each swap counts, a same-transaction buy-and-sell round trip can appear as two swaps. Those round trips represented 10% of Robinhood-token volume and 2% of Coinbase-token volume during the measured period.

Jupiter's terminal supports xStocks trading on Solana, but the cross-network data do not show how much volume passed through Jupiter. xStocks can trade on secondary markets 24 hours a day, while issuance and redemption normally operate five days a week. xStocks provide economic exposure without shareholder rights such as voting and are unavailable to U.S. persons. Those terms apply to xStocks and should not be generalized to all six issuers in the tally.

A separate measure from a different period put the share of tokenized-stock spot volume outside U.S. market hours at 62.8% on Solana, 68.6% on Robinhood Chain, 59.6% on BNB Chain and 59.5% on Base. Those figures are not directly comparable with the Oct. 2-31 DEX tally because the observation periods differ.

The hours breakdown adds a time-based view to [October tokenized-stock volume on Solana](<https://www.tokenpost.com/news/investing/46529>). The two measures cover different questions: one tracks volume on a single network, while the other divides cross-network DEX swaps by time of day.



## Links in this article

- [October tokenized-stock volume on Solana](https://www.tokenpost.com/news/investing/46529)
