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      xStocks Sees Weekend Trading Volume Surge to $55.2 Million

      The trading volume for xStocks-issued tokenized stocks on decentralized exchanges (DEXs) experienced a significant increase, rising from $2.4 million in July to $55.2 million in September. This remarkable growth, approximately 23 times the previous volume, occurred during weekends when traditional stock markets, including the New York Stock Exchange, are closed.

      xStocks, a platform developed by Backed Finance and associated with Kraken's parent company Payward, issues SPL tokens on the Solana blockchain, each backed 1:1 by a US stock or exchange-traded fund (ETF). The majority of trading activity, about 75%, takes place on Raydium, making it the primary venue for weekend trading of tokenized equities.

      In addition to the weekend surge, xStocks reported a total of $1 billion in 30-day DEX volume by mid-September, marking a staggering month-over-month increase of over 1,000%. The most actively traded tokenized stocks included SPYx, which tracks the S&P 500 ETF, and other notable assets such as CRCLx and NVDAx. The total value locked in tokenized equities also saw substantial growth, climbing from $21.6 million in January to $289 million by September. Looking ahead, average monthly volumes for tokenized equities are expected to reach between $7.9 billion and $18 billion by the end of the year.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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