Base records $500 million in weekly trading volume as tokenized stocks gain ground

Asset Performance

A good chunk of the recent energy has come from tokenized stocks, which are blockchain-based tokens representing shares of traditional companies. The precise split between those and other assets like stablecoins or native crypto tokens has not been broken out. Tokenized stocks are a major contributor to the growth, with the new weekly total working out to roughly five days at the record pace of $100 million in tokenized-stock DEX volume in September. Monthly figures show the same trend, with thirty-day totals for tokenized-stock DEX volume on Base ranging from $730.9 million to approximately $1.3 billion.

Market Context

Base founder Jesse Pollak pointed to how quickly the market scaled. Daily volume went from zero to $100 million in just 26 days after launch. The tokens track well-known equities, including AAPL, NVDA, GOOGL, and META. They are backed by real shares held in custody through Alpaca, a brokerage infrastructure provider. Access is limited, with the products approved for eligible investors outside the US, so American retail traders cannot participate.

Broader Market Trends

Base's total value locked in decentralized finance hit an all-time high of approximately $6.2 billion in late September 2026. Base has also maintained consistently high daily transaction counts. Data reliability deserves attention, as a 30-day range spanning $730.9 million to approximately $1.3 billion shows how much measurement methods can vary. Traders should be cautious about treating any single figure as definitive. The next signals to watch are whether weekly volume holds near the $500 million mark, whether the asset-level breakdown becomes clearer, and whether TVL continues climbing past its late-September high of approximately $6.2 billion.