Base Tokenized Stock Volume Hits $100 Million Daily Record
Daily decentralized exchange volume for Base tokenized stocks reached $100 million, marking a new network high. Aerodrome accounted for 76 percent of the total monthly trading activity in the sector.
Base tokenized stock volume reached $100 million in daily decentralized exchange trading. This figure sets a new record for the network. The growth occurred within a short timeframe following initial product launches.
Token Terminal reported $730.9 million in total trading volume over the preceding thirty days. The data was published on September 12. This period captures the rapid expansion of onchain equity trading on Base.
Aerodrome dominates market share
Aerodrome processed $557.1 million in volume during the measured month. This represents 76 percent of the total Base tokenized stock market. Uniswap v4 ranked second with $139.3 million in processed trades.
Together, these two exchanges generated $696.4 million in volume. They account for more than 95 percent of the recorded activity. The remaining venues on the network processed approximately $34.5 million.
Coinbase expands product lineup
Coinbase launched four initial tokenized stock products on August 24. These tokens referenced Apple, Nvidia, Alphabet, and Meta. The launch occurred less than three weeks before the latest data release.
The issuer later added six more products in September. These include tokens for Amazon, Microsoft, Strategy, SanDisk, Tesla, and SpaceX. SpaceX is a private company, expanding the asset class beyond listed equities.
Mechanics of onchain equity trading
Aerodrome uses liquidity pools to execute trades on Base. Users deposit paired assets into these pools to facilitate exchanges. This structure allows trading without centralized order books.
Uniswap v4 provides a separate liquidity source with programmable hooks. Developers can customize fees and access conditions within this protocol. The tokens trade outside regular U.S. equity market hours.
