Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.

• Tokenized stock trading reached a record $11.3 billion in July, a 288% increase, driven primarily by a single QQQ-tied token on Binance, which accounted for 82% of that volume.
• Excluding that token, total market volume fell to $2.03 billion, about 30% lower than the estimated $2.91 billion in June.
• Binance's QQQB saw massive growth due to zero maker fees through August and a new VIP volume multiplier program introduced on July 23.

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.