Woofun AI data shows that on-chain spot trading volume for tokenized stocks accumulated $1.8 billion over the past 90 days, while lending collateral deposits totaled approximately $23 million. Trading activity is primarily distributed across BNB Chain and Solana, which captured 47.3% and 45.5% of the volume, respectively. Assets tracking QQQ and SPY dominated the market, accounting for 40.5% and 40.4% of total trades. In the lending sector, xStocks holds 86.5% of the issuer share, Solana commands 85.5% of the on-chain share, and Kamino represents 82.6% of the protocol share.

Despite this growth, the current scale remains modest relative to broader DeFi metrics. Uniswap's monthly trading volume stands at approximately $45 billion, and xStocks' total value locked is about $330 million, indicating that tokenized stock trading and collateral usage are still at a low base.