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.