- In June, trading volume of tokenized shares on the blockchain increased by 145%.
- SpaceX tokens attracted $1,19 billion, or 31% of the total monthly trading volume.
In June, on-chain trading volume of tokenized shares grew by 145% compared to May, reaching a record $3,86 billion, according to a report from CoinDesk Data.
Source: CoinDesk Data
Analysts attributed the significant increase to SpaceX's largest-ever IPO. Elon Musk's company's shares accounted for nearly 31% of the total tokenized share trading volume, representing approximately $1,19 billion.
Backpack Securities' SPCX token was the most popular tokenized version of SpaceX shares, with $1,08 billion in blockchain trading volume. xStocks' SPCXx followed with $852 million.
Other major companies like Nvidia, Tesla, SPY, and QQQ were also actively traded, but none generated as much interest as SpaceX.
According to a CoinDesk Data report, the sector's market capitalization has grown for the fifteenth consecutive month. In June, the sector's market capitalization reached a record $1,53 billion, up 6,64% from May.
Previously edited Happy Coin News ReportedSince the beginning of the year, the market capitalization of tokenized real assets (RWA) has grown by 40% to $51 billion. The majority of this (almost 47%) came from private loans, approximately 30% from Treasury bonds, and about 9% from commodities.
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