Tokenized Stocks Reach $3.77 Billion as Transfer Volume Falls

Tokenized stocks had $3.77 billion in distributed value on Oct. 29. In a separate Oct. 28 snapshot, distributed value was up 17.79% over 30 days, even as monthly active addresses and transfer volume declined. The Oct. 28 snapshot listed 4.51 million holders, up 12.14% over 30 days. Monthly active addresses fell 39.68% to 2,124,397, and monthly transfer volume dropped 86.68% to $10.14 billion. Distributed value tracks the value of assets held, while monthly transfer volume measures activity over a period. They describe different parts of the market: a decline in transfer volume does not mean the value held fell.

Also reported by Cointribune.

Source: TokenPost