Robinhood

Ondo

<p>BNB Chain has emerged as the leading blockchain for tokenized-equity trading in the third quarter of 2026, recording approximately $25.6 billion in transactions and $1.13 billion in tokenized stock supply.</p>
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   <li>BNB Chain recorded $25.6 billion in tokenized-equity trading during Q3 2026, roughly eleven times the previous quarter.</li>
   <li>Blockworks ranked BNB Chain first among tracked networks for tokenized-equity trading, supply and holder count.</li>
   <li>Tokenized-equity supply reached $1.13 billion, while the network recorded approximately 1.8 million holders at quarter-end.</li>
   <li>Network revenue rose 54% to $54.2 million, although average daily active addresses declined 14%.</li>
   <li>Lending deposits grew 42% to $3.57 billion, with tokenized equities accounting for less than 2%.</li>
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<p>Meanwhile, the network ranked first among tracked chains for tokenized-equity trading volume, outstanding supply and holder count, <a href="https://blockworks.com/api/investor-report/bnb-chain-token-holder-report-q3-2026/pdf" rel="noopener noreferrer nofollow">according</a> to the Blockworks Q3 token-holder report. The report recorded growth in lending deposits and network revenue, although some user activity indicators declined.</p>
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   <p>BNB Chain had a huge Q3, ranking #1 among all chains in tokenized equity trading volume, supply and holders.<br><br>The latest quarterly report by <a href="https://x.com/Blockworks?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Blockworks</a> shows how that momentum extended into stronger network earnings, growing lending markets, core infrastructure upgrades, BNB… <a href="https://t.co/15ZF2KWf83" rel="noopener noreferrer nofollow">https://t.co/15ZF2KWf83</a></p>— BNB Chain (@BNBCHAIN) <a href="https://x.com/BNBCHAIN/status/2113339923629838723?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 22, 2026</a>
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<h2 class="wp-block-heading" id="strong-bnb-chain-leads-tokenized-equity-trading-across-tracked-networks-strong"><strong>BNB Chain leads tokenized equity trading across tracked networks</strong></h2>
<p>Tokenized-equity trading reached $25.6 billion during Q3, compared with $2.4 billion in the preceding quarter. Decentralized exchange venues accounted for $24.4 billion, while Ondo Global Markets contributed another $1.2 billion.</p>
<p>Blockworks compared $45.8 billion in tokenized-asset DEX trading across its tracked networks, excluding pairs involving memecoins. Within that dataset, BNB Chain held more than half the volume, ahead of Robinhood Chain’s $10.2 billion and Solana’s $6.4 billion.</p>
<figure class="wp-block-image size-large"><img width="1024" height="576" src="https://media.crypto.news/2026/10/image-135-1024x576.webp" alt="BNB Chain tokenized equities trading volume by venue, source: Blockworks">
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  BNB Chain tokenized equities trading volume by venue, source: Blockworks
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<p>The trading surge followed bStocks’ June 11 launch, making Q3 its first complete reporting quarter. Activity peaked on July 26, when tokenized-asset DEX trading reached $1.2 billion in a single day.</p>
<p>Much of that activity centered on QQQB, the tokenized Invesco QQQ ETF product, which generated approximately 80% of bStocks’ DEX volume. Other traded products included SPCXB, SPYB and NVDAB, while the Native trading venue handled approximately 36% of bStocks volume.</p>
<p>Although trading accelerated, volumes moderated after the July peak. From mid-August, weekly activity generally ranged between $600 million and $1.1 billion, with one week in September reaching $2.1 billion.</p>
<h2 class="wp-block-heading" id="strong-tokenized-stock-supply-doubles-to-1-13-billion-strong"><strong>Tokenized stock supply doubles to $1.13 billion</strong></h2>
<p>By September 30, BNB Chain held approximately $1.13 billion in tokenized public equities, compared with $560 million at the end of Q2. That represented 39% of the $2.89 billion supply tracked across blockchains.</p>
<p>The report placed the network’s tokenized-equity holder count at approximately 1.8 million, equivalent to 38% of its tracked cross-chain total. bStocks accounted for $810 million of the network’s tokenized-equity supply.</p>
<p>BNB Chain’s position comes during growing competition among blockchain networks supporting tokenized financial products. A <a href="https://crypto.news/tokenized-equities-hit-3-8b-as-weekly-dex-trading/" rel="noopener noreferrer nofollow">recent tokenized-equities market report</a> found that DEX activity had spread across multiple networks as issuers expanded their product offerings.</p>
<p>Robinhood Chain’s DeFi total value locked stood near $1.14 billion on October 22, according to DefiLlama. However, that figure measures deposits across decentralized finance applications and cannot be directly compared with BNB Chain’s tokenized-equity supply or quarterly trading volume.</p>
<h2 class="wp-block-heading" id="strong-bnb-chain-revenue-climbs-54-despite-lower-active-addresses-strong"><strong>BNB Chain revenue climbs 54% despite lower active addresses</strong></h2>
<p>Network real economic value, or REV, reached $54.2 million during Q3, rising 54% from $35.2 million in Q2. The total consisted of $49.1 million in transaction fees and $5.1 million in payments associated with maximal extractable value.</p>
<p>Blockworks calculated token-holder net income at $45.1 million, up 57% from the preceding quarter. Under its methodology, the measure combines delegator rewards and BNB burned through the BEP-95 mechanism.</p>
<figure class="wp-block-image size-large"><img width="1024" height="576" src="https://media.crypto.news/2026/10/image-136-1024x576.webp" alt="BNB Chain transactions, source: Blockworks">
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  BNB Chain transactions, source: Blockworks
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<p>BNB Smart Chain processed 1.51 billion transactions, an increase of 7.5%, while average transaction fees climbed to $0.032. Daily active addresses, however, declined 14% to 2.10 million, indicating that transaction growth did not coincide with growth in active addresses.</p>
<p>The <a href="https://crypto.news/bnb-chain-schedules-security-focused-pasteur-hard-fork/" rel="noopener noreferrer nofollow">Pasteur hard fork</a> activated on August 25, changing the network’s block-building process. Its BidBlock V2 system subsequently produced approximately 98% of blocks and averaged 28% more gas per block than the previous approach.</p>
<h2 class="wp-block-heading" id="strong-lending-deposits-rise-as-bnb-supply-continues-falling-strong"><strong>Lending deposits rise as BNB supply continues falling</strong></h2>
<p>Lending deposits reached $3.57 billion at quarter-end, growing 42% from $2.51 billion, while outstanding borrowing climbed 33% to $940 million. Tokenized equities used in lending markets grew from $6 million to $62 million, although they represented less than 2% of total deposits.</p>
<p>Meanwhile, stablecoin supply declined 4.6% to $13.22 billion, largely because of lower USD1 balances. Non-stablecoin real-world asset supply increased 24% to $4.96 billion, including $3.77 billion in tokenized Treasuries.</p>
<figure class="wp-block-image size-large"><img width="1024" height="576" src="https://media.crypto.news/2026/10/image-137-1024x576.webp" alt="BNB Chain RWA supply by asset class, source: Blockworks">
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  BNB Chain RWA supply by asset class, source: Blockworks
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<p>BNB’s quarterly supply reductions continued after the reporting period. The network’s <a href="https://crypto.news/bnb-chain-burns-1-2-billion-bnb-price-analysis/" rel="noopener noreferrer nofollow">37th quarterly token burn</a> removed approximately 1.646 million BNB on October 19, worth around $1.2 billion at the time.</p>
<p>In an October 21 update, BNB Chain <a href="https://x.com/BNBCHAIN/status/2113339923629838723" rel="noopener noreferrer nofollow">said</a> the remaining supply stood near 131.51 million BNB. The network continues using quarterly auto-burns and BEP-95 transaction-fee burns toward its long-term target of 100 million BNB.</p>
<p>Read more: <a href="https://crypto.news/jameson-lopp-warns-bitcoin-holders-against-giving-up-self-custody/" rel="noopener noreferrer nofollow"> Jameson Lopp warns Bitcoin holders against giving up self custody </a></p>

BNB Chain ranks No. 1 in tokenized stocks by volume, supply and holders in Q3

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