TLDR: Tokenized stocks recorded $5.5B in volume across 2.8M trades and 180,000 wallets through May 2026. Trades below $500 made up 64% of all transactions but represented only 5% of total tra
Tokenized stocks have recorded $5.5 billion in trading volume across 2.8 million trades and over 180,000 wallets through May 2026.
Bitget Wallet published a new report analyzing onchain trading activity from Ondo Global Markets. The data covers tokenized stocks, ETFs, commodities, and other financial assets on Ethereum and BNB Chain.
Despite round-the-clock infrastructure, trading behavior continues to mirror traditional market patterns, raising questions about how onchain finance truly differs from conventional systems.
Roughly 52% of all tokenized stock trading volume occurs during standard US market hours. Weekend activity accounts for just 0.55% of total volume across the dataset. That figure points to a clear behavioral trend among participants regardless of chain access.
The data suggests tokenized equities are functioning as an access layer to existing markets rather than a parallel financial system.
Bitget Wallet framed it directly in their report: “Tokenized equities are not building a parallel financial system — they are building a new access layer to the one that already exists.” The infrastructure operates 24/7, but user behavior has not shifted to match that availability.
New RWA report dropped: Beyond the RWA Hype
We analyzed:> $5.5B onchain stock trading activity> 2.8M RWA trades> Trades <$500 accounted for 64% of all txns = Retail entry
Data retrieved from onchain trading activity from @OndoFinance
Full report → https://t.co/6C4O4eDpJWpic.twitter.com/PaEf1sJIPK
— Bitget Wallet
(@BitgetWallet) June 2, 2026
That gap between capability and behavior remains a central observation from the report. The infrastructure is proven, but market participation still clusters around familiar timeframes. Pricing efficiency outside US trading hours remains one of the harder challenges ahead.
Liquidity, user retention, and experience consistency across chains are areas the report identifies as key development priorities.
Bitget Wallet COO Alvin Kan added that “users can now access global equities, ETFs, and commodities through onchain infrastructure that operates beyond the limitations of local brokerage systems.” The next meaningful challenge, however, is market quality rather than issuance.
Trades below $500 account for nearly 64% of all transactions in the dataset. Those same trades represent only 5% of total volume, pointing to a wide gap between participation and capital flow. Retail entry is clear, but its market weight remains limited.
Trades above $50,000 make up just 0.5% of all transactions yet contribute 35% of total volume. That concentration shows larger participants continue to shape price action and overall market direction.
As the report noted, “access is expanding faster than liquidity depth,” and closing that gap is the next meaningful challenge for the sector.
AI-linked equities account for 35 to 40% of recent trading volume within the dataset. NVIDIA leads overall exposure, while Micron, Qualcomm, Microsoft, and Snowflake show strong accumulation patterns.
AI infrastructure and enterprise software stocks are drawing consistent interest from onchain participants.
BNB Chain accounts for more than 75% of total trading volume and holds the majority of participating wallets. Ethereum users trade at significantly larger average sizes and show stronger accumulation behavior. The same tokenized asset can show entirely different flow patterns depending on which chain it trades on.
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