The New York Stock Exchange closed for the Labor Day weekend, but tokenized stocks continued trading on decentralized exchanges. Trading volume reached roughly $1.01 billion on Saturday and Sunday, nearly matching Friday’s $1.02 billion. Monday’s market holiday contributed another $398.3 million.

Robinhood Chain led holiday-weekend activity

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

According to research published by Grayscale in early September 2026, Robinhood Chain, Binance’s BNB Chain, and Solana have emerged as leading networks for onchain equity trading.

BNB Chain’s bStocks platform also recorded substantial activity. QQQB, a single fund representing tokenized exposure to the Nasdaq 100, generated $180.5 million in volume during the holiday weekend. BNB Chain’s cumulative tokenized stock volume has now surpassed $5.2 billion.

Base, Coinbase’s Layer 2 network, launched its B20-standard tokens for tokenized equities in August. The network reached $100 million in single-day decentralized exchange volume for tokenized stocks and accumulated $730.9 million over the 30 days leading into mid-September. Much of that trading took place on Aerodrome, the leading decentralized exchange on Base.

Tokenized stocks extend trading hours

Traditional US equity markets operate for approximately 6.5 hours per weekday, or about 32.5 hours out of a total 168-hour week.

Tokenized stocks remove that time constraint by representing equity exposure as onchain tokens that can trade on decentralized exchanges. Platforms including Backed Finance’s xStocks and Ondo Global Markets support trading around the clock, seven days a week. This expands access to tokenized equity exposure beyond the operating schedule of traditional exchanges, without turning the NYSE itself into a 24-hour market.

These tokenized stocks typically remain close to the previous market close, although their prices can still change in response to sentiment, breaking news, and speculative positioning.

Competition among networks intensifies

Grayscale’s research shows that weekly spot volume for tokenized stocks approached $3 billion in the week before the holiday.

Robinhood Chain’s nearly 60% weekend market share gives it a substantial lead. Base’s rapid expansion since its August launch illustrates how quickly the market can change: the network reached $730.9 million in cumulative 30-day volume within weeks of going live. Meanwhile, BNB Chain’s cumulative tokenized stock volume exceeding $5.2 billion reflects retail activity from Binance’s global audience moving onto the blockchain.