Tokenized Stock Trading Reaches $1.11 Billion as Chip Stocks Slide

Tokenized-stock markets recorded $1.11 billion in rolling 24-hour volume Thursday, Nov. 5, as semiconductor shares slumped and a broad snapshot covered 250 stock tokens.

The total was about 4.7% above the $1.06 billion in the preceding daily snapshot. The tally covered 250 tokenized stocks with a combined market value of $2.92 billion. The two readings came from rolling 24-hour windows captured at different times, so they did not cover identical periods.

SanDisk’s bStocks token led individual products with $79.7 million in volume, up from $49.1 million in the earlier snapshot. Other actively traded tokens included SpaceX shares at $38.9 million, Circle at $32.5 million, Alphabet at $31.8 million, Nvidia’s Robinhood token at $28.1 million and Micron’s bStocks token at $27.5 million.

By issuer, bStocks recorded $616.6 million in volume, up 3.7% from the prior snapshot. Robinhood’s total climbed 24.6% to $244.6 million. Ondo Global Markets rose 4.6% to $136.2 million, while xStocks fell 2.6% to $136.4 million.

The trading increase coincided with losses among chipmakers during Thursday’s session. SanDisk fell more than 17%, Micron dropped more than 12%, Nvidia declined about 6.5% and AMD lost more than 13%.

A separate Solana network reading put tokenized-stock volume at $657 million on Nov. 2. That figure covered one network on a different day, so its scope and observation period differ from the broader $1.11 billion snapshot.

Equity perpetual futures were a separate market. TradeXYZ’s 109 stock, exchange-traded fund and index perpetual markets on Hyperliquid recorded $4.12 billion in 24-hour volume and $3.22 billion in open interest. They offer leveraged price exposure without conveying ownership of the stocks.