Exchanges like Robinhood and Gemini recently launched tokenized stocks, sparking investor interest in this new type of asset. Against this backdrop, the blockchain chosen by issuers could become a fresh opportunity for investors.

Right now, Algorand dominates the space. However, the picture of market share in tokenized stocks could change significantly if this trend keeps gaining momentum.

Algorand Holds Over 66% of The Tokenized Stock Market Share

According to data from RWA.xyz, the market cap of tokenized stocks increased by 19% over the past month, reaching more than $400 million.

Remarkably, holders surged by 1,845%, rising to over 48,000. Monthly active addresses soared by over 8,800%, reaching almost 38,000. This data shows growing interest from the investor community.

It appears Algorand commands over 66% of the market share, with a total value of more than $268 million. This confirms its position as the leading network in this emerging trend.

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Author: Nhat Hoang