xStocks Assets Surge Past $100M on Ethereum, $30M on BNB Chain: xStocks

xStocks has surpassed $100M in total market cap on Ethereum, driven primarily by the growth of STRCx, according to Token Terminal data published May 11. The protocol has achieved approximately 1,000% year-to-date growth on Ethereum. On $BNB Chain, xStocks assets have separately crossed $30M in market cap, led by tokenized commodities including copper, silver, platinum, and palladium.

xStocks enables users to trade tokenized representations of real-world stocks and commodities on blockchain infrastructure. The protocol’s expansion across multiple chains reflects growing demand for asset tokenization in DeFi, with Ethereum remaining the primary hub while $BNB Chain offers an alternative deployment for users seeking different fee structures and network economics.

Sources: Token Terminal | Token Terminal

This article was generated automatically by The Defiant’s AI news system from publicly available sources.