BNB Chain Tokenized Stocks Surpass $1B, Overtaking Ethereum
BNB (BNB)
Editor:
Eugene Serbin
Cryptonite.ae reports that BNB Chain has overtaken Ethereum to become the leading blockchain for tokenized stocks, with the market share gap widening beyond a rounding error. As of October 2026, BNB Chain hosts approximately $1.1 billion in tokenized stocks and exchange-traded funds, representing a 30% share of the total market. This milestone makes it the first blockchain to push past the $1 billion mark in tokenized equities.
Ethereum currently holds approximately $828 million, or 22%, while Solana sits at about $738 million, or 20%, across a total market of roughly $3.7 billion. The growth is driven by issuers such as Kraken, Backed, and Ondo distributing assets to BNB Chain’s user base via PancakeSwap liquidity. Low fees and a large retail audience made BNB Chain an easy default venue for issuers prioritizing distribution over purism.
While Ethereum still anchors the deepest DeFi and institutional RWA infrastructure, BNB Chain now holds the top slot for headline bragging rights. Tokenized equities remain sensitive to compliance tooling and issuer trust, yet the growth curve indicates increasing interest from brokers and regulators.
How the market reacted
Whalio's own Binance spot order flow for BNB, measured when this story was written up on 4 October 2026. Not the outlet's figures.
BNB is trading at $786.88 with a 24-hour buy ratio of 56.0%, indicating that buyers are dominating the market over the longer term. However, the 1-hour buy ratio has dropped to 49.4%, suggesting that short-term buying pressure is fading compared to the 4-hour ratio of 54.8%. The 24-hour volume delta is positive at $9,242,678, showing that cumulative buying has exceeded selling over the day. In contrast, the 1-hour volume delta is negative at -$85,035, meaning recent trades have seen more selling than buying. The 24-hour cumulative volume delta (CVD) stands at +$8,091,098, confirming that net buying has occurred for 14 of the last 24 hours. This data shows a market that has been net bullish over the day but is currently experiencing a brief shift toward selling in the immediate short term.
The latest daily buy ratio of 46.4% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BNB, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.7%, making the current 24-hour ratio of 56.0% an increase of 5.2 points above the average. This indicates that today’s buying intensity is unusually high compared to the weekly norm. The 24-hour spot volume of $77,430,486 is slightly below the weekly average, measuring at 0.94x the typical daily volume. Net buying has occurred on 4 of the last 7 days, with a total volume delta of +$13,358,699 over that period. While volume is slightly lighter than usual, the elevated buy ratio suggests that the days with trading activity are seeing stronger conviction from buyers than the weekly average typically shows.