Grayscale says August stock token volume hit record, on-chain use still limited

Grayscale said stock token trading volume reached a record high in August, with weekly spot volume nearing $3 billion, while only about 5% of the overall market is currently being used in on-chain finance. Most trading activity took place on Robinhood Chain, BNB Chain, and Solana. Use of stock tokens in lending protocols such as Kamino and Jupiter has increased about tenfold over the past year, but their use in lending, collateral, and other financial applications remains limited. Grayscale said, "As the U.S. regulatory environment becomes clearer, stock tokens could grow beyond products traded 24/7 globally into productive on-chain financial assets."