BNB Chain led tokenized equities in Q3 2026, with trading volume of about $25.6 billion and supply of $1.13 billion. It also accounted for more than half of tokenized-asset volume on decentralized exchanges. The open question for Q4 is whether that activity spreads beyond a few dominant products.
BNB Chain recorded roughly $25.6 billion in tokenized-equity trading in Q3 2026, about eleven times the $2.4 billion from the previous quarter, according to Blockworks data. Of that total, $24.4 billion traded through decentralized exchanges, and Ondo Global Markets contributed another $1.2 billion.
BNB Chain takes more than half of tokenized DEX volume
BNB Chain accounted for more than half of the $45.8 billion in tokenized-asset DEX volume tracked across major blockchains. Robinhood Chain followed with $10.2 billion, while Solana handled $6.4 billion.
Tokenized-asset pairs also made up 32.3% of all spot DEX volume on BNB Chain, up from 0.2% in Q2. bStocks led the expansion in its first full quarter after a June launch, and QQQB, the tokenized version of the Invesco QQQ ETF, accounted for roughly 80% of bStocks DEX volume.
Supply doubles to $1.13 billion
Trading growth came with rising supply. BNB Chain ended Q3 with $1.13 billion in tokenized equities, double the $560 million at the end of Q2 and the largest amount of any blockchain.
That equals about 39% of the $2.89 billion in tokenized public equities tracked across chains. The network also had approximately 1.8 million tokenized-equity holders, or 38% of the cross-chain total.
The broader real-world asset market grew too. Non-stablecoin RWA supply rose 24% to $4.96 billion, including $3.77 billion in tokenized Treasuries.
Network revenue climbs 54%
The growth is showing up in BNB Chain's economics. Network revenue climbed 54% quarter over quarter to $54.2 million, while token-holder net income rose 57% to $45.1 million. Total quarterly transactions increased 7.5% to 1.51 billion.
Source: Bitcoin News
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