Dune report finds tokenized markets often diverge from the assets they reference
you are currently viewing::Dune report finds tokenized markets often diverge from the assets they referenceSeptember 30, 2026-Tokenized real-world assets reach $34.5 billion, but most tokenized cash never trades, and onchain stock investors are choosing single names over funds Tokenized real-world assets have passed $34 billion,but most of that money is sitting still. A report published today by Dune finds that tokenized cash,the largest asset class onchain,barely trades,while tokenized stocks,just 8% of the market,account for 93% of onchain trading. Tokenized assets grew 141% in the year to August. The report looks past that headline figure to ask what happens after issuance: how much of the stock is actually used,and whether onchain markets move like the traditional markets they track. Across cash equivalents,credit,commodities and equities,the answer is often no. Source: Dune Analytics AS |
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