Kraken’s xStocks Reaches $25 Billion in Transaction Volume
- xStocks surpassed $25 billion in total transaction volume within eight months of its launch.
- The platform saw a growth of 150% since November, when it reached $10 billion.
- Onchain trading volume accounted for $3.5 billion with over 80,000 unique onchain holders.
- Eight of the eleven largest tokenized equities by unique holder count are part of the xStocks ecosystem.
- Tokenized real-world assets (RWAs) have increased by 13.5% in value over the past month.
The rapid adoption of tokenization is evident as Kraken’s xStocks platform gains traction among mainstream investors, highlighting a shift towards integrating tokenized equities into broader DeFi ecosystems. This trend occurs despite a decline in the overall cryptocurrency market.
With over $25 billion in transaction volume and significant onchain activity, Kraken’s xStocks illustrates the growing interest in tokenized stocks and their potential impact on traditional finance.(Source)
