Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut

Tokenized equities continued to trade heavily through the Labor Day holiday, producing $1.01 billion across Saturday and Sunday — nearly the same amount recorded on Friday when U.S. cash markets were open — and adding $398.3 million on Monday. The 42 largest tokenized stock tokens tracked by CoinGecko accounted for the weekend and holiday totals, demonstrating the capacity of onchain instruments to keep exposure tradable during exchange closures.

Robinhood Chain dominated the measured weekend activity, carrying $572.8 million split roughly evenly between Saturday ($288.2 million) and Sunday ($284.6 million). Binance’s bStocks family handled $303.5 million, Backed Finance’s xStocks $87.1 million, and Ondo Global Markets $43.8 million. Broader onchain metrics show Robinhood Chain itself recorded multi-billion-dollar decentralized exchange volume over the three days, with stock tokens representing a portion of that flow.

One instrument stood out: QQQB, Binance’s bStocks rendition of the Invesco QQQ Trust, traded $180.5 million over the weekend. QQQB’s onchain liquidity was concentrated on decentralized venues — including PancakeSwap V3 and Uniswap V4 — and the token’s reported onchain price closely matched the ETF’s Friday close. Other high-volume names included Robinhood’s SPY ($125.5 million), AMC ($103.1 million over the weekend), NVDA ($73.9 million) and SpaceX-related tokens (about $102.7 million across tokens), the latter of which have no public reference price because the company is private.

Despite active trading, tokenized prices largely tracked the underlying equities’ recent closes. For example, the main tokenized NVDA pool traded within a narrow band around NVDA’s Friday close, with premiums below 1.5%, while tokenized HIMS moved in a similar tight range over the weekend. Trading took place mostly on decentralized exchanges; snapshots show QQQB rotating tens of millions across PancakeSwap, Uniswap and BNB Chain native venues, while a small share of some tokens’ volume flowed through centralized exchanges such as Binance, LBank and Kraken.