Tokenized equities posted strong growth over the past month, with the number of holders rising to 1.31 million, according to data from RWA.xyz. The same dataset shows a sharp rise in onchain activity, with monthly transfer volume climbing 179% to $23.13 billion.

The broader market value tracked by the platform also moved higher. RWA.xyz said the distributed value of tokenized stocks increased 5.9% over the month to $2.38 billion, while monthly active addresses rose 34.62% to nearly 572,000.

Holder count more than doubled in a month

RWA.xyz data indicates that adoption accelerated quickly over the latest month, as tokenized stock holders more than doubled to 1.31 million. The increase in participants came alongside heavier usage across the sector, suggesting that growth was not limited to passive ownership alone.

Monthly active addresses reached almost 572,000 during the same period. That 34.62% increase points to broader engagement in tokenized equity markets even as the rise in holders outpaced address growth by a wide margin.

Transfer volume rose faster than market value

The sharpest move in the dataset came from transaction activity. Monthly transfer volume surged nearly 180% to $23.13 billion, far exceeding the pace of growth in distributed value.

By comparison, total distributed value rose 5.9% to $2.38 billion. The difference between those growth rates suggests that market activity expanded much faster than the aggregate value of tokenized stocks tracked by RWA.xyz over the month.

Ondo remained the largest platform by distributed value

At the time of writing, Ondo was the market leader by distributed value with about $872 million, based on RWA.xyz figures. Kraken’s xStocks ranked second at $557.8 million, while Binance’s bStocks followed at $521.8 million.

The gap between the latter two platforms was relatively narrow. RWA.xyz data shows bStocks, which launched in June, had already come within roughly $36 million of xStocks in distributed value.

Largest individual tokenized assets

RWA.xyz also listed the biggest individual tokenized stock-related assets by distributed value. Securitize led that ranking at $145.2 million.

It was followed by Strategy PP Variable xStock at $135.6 million and Ondo’s tokenized Circle shares at $99.7 million. These figures offer a snapshot of where value is currently concentrated within the tokenized equities segment.

The next confirmed reference point for the market will be updated RWA.xyz data, which will show whether recent gains in holders, transfer volume and distributed value continue in the coming month.

Source: cointelegraph.com