TLDR
BNB Chain recorded $25.6 billion in tokenized stock trading in Q3 2026, about 11 times the previous quarter.
Blockworks ranked BNB Chain first for tokenized stock volume, supply and holders.
Tokenized stock supply doubled to $1.13 billion, with about 1.8 million holders.
Network revenue rose 54% to $54.2 million, while daily active addresses fell 14%.
The 37th quarterly burn removed about 1.646 million BNB, worth roughly $1.2 billion.
BNB Chain led all tracked blockchains in tokenized stock trading during the third quarter of 2026. The network recorded about $25.6 billion in tokenized-equity trades, according to a Blockworks token-holder report.
That figure was roughly 11 times higher than the $2.4 billion recorded in the second quarter. The network also ranked first for tokenized stock supply and holder count.
Decentralized exchanges handled $24.4 billion of the volume. Ondo Global Markets added another $1.2 billion.
Across $45.8 billion in tokenized-asset DEX trading on tracked networks, BNB Chain held more than half. Robinhood Chain came second with $10.2 billion, followed by Solana at $6.4 billion.
BNB Price on CoinGecko
bStocks Drives Trading Growth
The jump followed the June 11 launch of bStocks, making Q3 its first full quarter. Trading peaked on July 26, when tokenized-asset DEX volume hit $1.2 billion in one day.
QQQB, a tokenized version of the Invesco QQQ ETF, made up about 80% of bStocks’ DEX volume. Other products included SPCXB, SPYB and NVDAB.
Volumes cooled after July. From mid-August, weekly trading mostly ranged from $600 million to $1.1 billion, with one September week reaching $2.1 billion.
By September 30, tokenized stock supply on BNB Chain reached $1.13 billion, up from $560 million at the end of Q2. That was 39% of the $2.89 billion tracked across all blockchains.
The network counted about 1.8 million tokenized-equity holders. bStocks accounted for $810 million of the supply.
Revenue Rises as Active Addresses Fall
Network revenue climbed 54% to $54.2 million in Q3, up from $35.2 million. Transaction fees made up $49.1 million, with $5.1 million coming from maximal extractable value payments.
BNB Smart Chain processed 1.51 billion transactions, a 7.5% increase. Average fees rose to $0.032.
Daily active addresses fell 14% to 2.10 million. The Pasteur hard fork went live on August 25 and changed how blocks are built.
Lending deposits grew 42% to $3.57 billion, while borrowing rose 33% to $940 million. Tokenized equities made up less than 2% of deposits.
Stablecoin supply dropped 4.6% to $13.22 billion, mainly due to lower USD1 balances. Other real-world asset supply rose 24% to $4.96 billion, including $3.77 billion in tokenized Treasuries.
On October 19, BNB Chain completed its 37th quarterly burn, removing about 1.646 million BNB worth roughly $1.2 billion. That puts the value of each token at about $729 at the time of the burn.
In an October 21 update, BNB Chain said remaining supply stood near 131.51 million BNB. The network aims to cut total supply to 100 million BNB over time.
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