Tokenized stocks traded over $1B on Solana, Robinhood Chain, BNB Chain, and Base during Labor Day weekend

The New York Stock Exchange went dark for Labor Day weekend. Tokenized stocks on decentralized exchanges kept right on trading, generating roughly $1.01 billion in volume on Saturday and Sunday alone, nearly matching Friday’s $1.02 billion.

Monday’s holiday added another $398.3 million on top.

Robinhood Chain dominated the weekend

Of the four major platforms facilitating tokenized stock trades, Robinhood Chain was the heavyweight. It processed $572.8 million in trades over the holiday weekend, accounting for more than 57% of total activity.

According to Grayscale research published in early September 2026, Robinhood Chain, alongside Binance’s BNB Chain and Solana, has emerged as one of the leading networks for onchain equity trading.

BNB Chain’s bStocks platform made its own mark. A single fund, QQQB (a tokenized version of Nasdaq 100 exposure), generated $180.5 million during the holiday weekend. BNB Chain’s cumulative tokenized stock volume has now exceeded $5.2 billion.

Then there’s Base, Coinbase’s Layer 2 network, which launched its B20-standard tokens for tokenized equities back in August. Base hit $100 million in single-day DEX volume for tokenized stocks and racked up $730.9 million in cumulative volume over the 30 days leading into mid-September. Much of that activity flowed through Aerodrome, the leading DEX on Base.

Why after-hours trading matters

Traditional US equity markets operate roughly 6.5 hours per weekday. That’s about 32.5 hours a week out of 168 total hours.

Tokenized stocks flip that constraint on its head. By wrapping equity exposure into onchain tokens that trade on DEXes, platforms like Backed Finance’s xStocks and Ondo Global Markets allow trading around the clock, seven days a week. The prices of these tokenized stocks typically hover near the previous market close, but the tokens still move based on sentiment, breaking news, and speculative positioning.

The competitive landscape is heating up

Weekly spot volumes for tokenized stocks approached $3 billion in the week before the holiday, according to Grayscale’s research.

Robinhood Chain’s dominance over the weekend, with nearly 60% market share, gives it a significant lead. Base’s rapid growth since its August launch shows how quickly the landscape can shift, hitting $730.9 million in 30-day cumulative volume within weeks of going live. BNB Chain’s cumulative tokenized stock volume crossing $5.2 billion reflects retail demand from Binance’s global audience translating effectively to onchain activity.

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