Tokenized-Stock DEX Trading Falls About 32% to About $10.9 Billion in October

Trading in tokenized stocks on decentralized exchanges fell about 32% in October, while real-world-asset perpetual volume rose to a monthly record of $164 billion, showing divergent activity across the two markets.

Tokenized-stock DEX trading totaled about $10.9 billion, down from $15.9 billion in September. Across RWA spot DEXs, volume fell 38.9% to about $15 billion from $24.6 billion. Tokenized stocks made up about 72% of that October spot volume.

Perpetual trading tied to real-world assets moved higher. On-chain RWA perpetual volume climbed 27% in October to $164 billion, a monthly high. The increase follows third-quarter RWA perpetual DEX volume of $365 billion.