Live snapshot · 24h organic flow
Headline · 30-day flow ranking
Most-traded tokenized stocks
Real-world equities ranked by tokenized whale-flow volume over 30 days. Today the organic flow is concentrated on Solana (Backed xStocks). The same share can be tokenized by several issuers — we roll that up in the API.
| Underlying | 30d volume | Transfers | Venue |
|---|---|---|---|
| CRCL | $207.7M | 1,240 | Solana |
| MSTR | $207.4M | 1,251 | Solana |
| SPY | $80.3M | 555 | Solana |
| NVDA | $64.1M | 667 | Solana |
| TSLA | $51.8M | 468 | Solana |
| IQM | $44.4M | 46 | Solana |
| SOXL | $44.1M | 385 | Solana |
| QQQ | $41.8M | 351 | Solana |
Two-Layer live feed
Top tokenized-asset moves (last 24h)
Each row: what happened (Layer 1) and why it might matter (Layer 2). Badge marks the real-world underlying. Largest USD value first. Issuance mints are excluded — only organic secondary flow.
Asset-class mix · 7 days
Where the flow sits
Tokenized real-world assets split into three classes. Equities (xStocks) carry most organic whale volume today; tokenized US Treasuries (BUIDL, OUSG, USDY) are a separate yield-seeking signal.
FAQ
Frequently asked
What is a tokenized stock?
A blockchain token that represents a share of a real company (e.g. Tesla, Nvidia), backed 1:1 by the actual security held in custody. It trades on-chain around the clock and its price tracks the underlying equity. The largest issuer by volume is Backed (xStocks) on Solana.
Why is the flow mostly on Solana?
By on-chain volume, Backed's xStocks on Solana is today the dominant tokenized-equity venue. EVM issuers like Dinari (dShares on Base) exist for the same underlyings, but carry far less flow right now. We track all of them; the headline simply reflects where the volume is.
What counts as a whale transfer here?
A tokenized-asset transfer above a USD threshold, indexed from on-chain events. We exclude issuance mints (when an issuer creates new supply) so the feed shows organic secondary flow — actual buying and selling — not inventory creation.
Same stock, multiple tokens?
Yes. TSLA can be tokenized as TSLAx (Solana) and TSLA.d (Base) — different tokens, one underlying. Our cross-chain rollup (via the API / MCP tool) aggregates a single real-world asset across every issuer and chain.
Is this investment advice?
No. Every number is a descriptive observation of on-chain flow — never a recommendation, forecast, or price prediction. Tokenized stocks are derivative claims dependent on the issuer's custody; they are not the same as holding the share at a broker.