Tokenized Stocks Draw $247.8 Million Into DeFi: What Are They Actually Used For?

Tokenized stock total value locked (TVL) in decentralized finance (DeFi) protocols climbed 1,961% over the past year to $247.8 million. Token Terminal published the figures on Thursday. Binance Research links the growth to wider onchain infrastructure.

Lending, smart contract deployment, and stock-paired markets now give tokenized equities a role beyond passive ownership.

3 Chains Hold Almost All the Tokenized Stock TVL Robinhood Chain accounts for $98.2 million of the total, followed by Solana at $87.4 million and BNB Chain at $36.3 million, Token Terminal said. The three hold 89.5% between them. Tokenized Stock Total Value Locked (TVL).

Source: X/Token Terminal Binance Research reached a similar conclusion. According to its report, active DeFi TVL rose from $21.6 million in January to $289.1 million by September 9. Measured against its own active market cap, DeFi’s share rose from 2.2% to 7.2%.