Tokenized stocks in October 2026: fewer pools, more liquidity

October 2026 added 745 DEX pools for tokenized stocks, down from 1,059 in September among the pools that still exist, while pooled liquidity rose to $255.0M on 1 November from $249.5M a month earlier, up 2.2%. The catalogue kept growing faster than the market: 3,802 stocks from seven issuers, up 6.3% on the month, deployed as 20,995 contracts on 14 chains, up 18.0%. Of those contracts, 361 have a pool, 1.7%, down from 413 on 1 October. The figures come from the tokenized stocks dashboard, read on 1 November 2026; how they are built, and where they undercount, is at the end. Last month’s report: tokenized stocks in September 2026.

Month on month

The pool count fell while liquidity rose. The dashboard counted 2,882 pools on 1 November against 4,151 a month earlier, and 170 stocks with any pooled liquidity against 228. A pool that no longer exists at the snapshot leaves every count, including the monthly timeline, which is why September now shows 1,059 pools created rather than the 2,635 reported a month ago. The money moved the other way: $255.0M of pooled liquidity against $249.5M, and 59 contracts with more than $1M in pools. Robinhood, Ondo and bStocks ended the month with fewer contracts with a pool; Backpack, xStocks and Coinbase with more. The 24-hour volume at the snapshot was $169.3M against $519.4M; the two readings fall on a Thursday and a Sunday, and a 24-hour figure is a snapshot, not a trend.

Where the new pools came from

Solana accounted for 326 of October’s new pools, Robinhood Chain for 191, BNB Chain for 144, Ethereum for 44 and Base for 39. By venue, Uniswap took 222, Raydium 129, PancakeSwap 81, Pumpswap 77 and Orca 64. The busiest day was the last one, 31 October, with 55 new pools. On the market overview the timeline of surviving pools runs from 16 in April to 415 in August, 1,059 in September and 745 in October; all months before October together come to 1,968.

Most contracts still have no market

Deploying a token is cheap and funding a pool is not, so catalogues run far ahead of trading. Arbitrum carries the most stock contracts, 4,778, and five of them have a pool. HyperEVM, Optimism and X Layer hold between 1,472 and 1,479 contracts each and none trades on a DEX. Robinhood Chain remains the other extreme, though less so than in September: 94 of its 203 contracts have a pool, 46.3%, after 157 of 195 a month ago. Base is the chain where the largest share trades, 12 of 13 contracts.

Ink, Optimism, TON, X Layer and Mantle carry between 1,466 and 1,472 contracts each, with five pools between them; Tron has 75 contracts and Polygon one, none with a pool.

Seven issuers, seven shapes

xStocks grew the most in October: 1,472 stocks, up from 1,169, deployed across many chains as 14,731 contracts, of which 74 trade on a DEX. Reality Protocol lists 3,334 stocks and four of them have a pool. Robinhood, bStocks and Coinbase issue far fewer tokens, and a large share of theirs trade. What each token is, per the issuer, is in the tokenized stocks guide, and the seven sit side by side on the issuers page.

A handful of stocks hold the liquidity

Of the 170 stocks with any pooled liquidity, seven hold half of it and 18 hold 80%. The leader changed: GLD, which the dashboard lists as SPDR Gold Shares, holds $39.4M, 15.4% of all pooled liquidity, ahead of NVIDIA at $22.7M and SPCX (Space Exploration Technologies Corp. Class A) at $22.0M. In September NVIDIA led.

Volume and depth do not always line up. Across all pools, 24-hour volume came to $169.3M at the snapshot. META led with $20.6M against $9.3M of pooled liquidity, SPCX traded $17.4M and MSTR $16.0M. SNDK, which the dashboard lists as Sandisk Corporation xStock, traded $13.5M against $2.1M of liquidity, and MSFT $8.6M against $3.4M: their pools turned over several times in a day.

Where they trade, and against what

Uniswap hosts 34.6% of all stock pools and 35.5% of the liquidity, Raydium 21.8% of the pools and 18.0% of the liquidity, PancakeSwap 14.7% and 14.1%. Orca holds 7.7% of the pools but 16.5% of the liquidity, $42.1M in 221 pools; 34 venues have at least one. On the other side of the pool, stablecoins dominate: USDC pairs hold $72.0M across 493 pools, USDG pairs $55.0M across 375 and USDT pairs $23.7M across 125. SOL is the quote token in 245 pools and WETH in 86.

Depth is spread thin below the top. Of the 361 contracts with a pool, 59 hold more than $1M, 104 between $100k and $1M, 120 between $10k and $100k, 49 between $1k and $10k, and 29 under $1k.

Multipliers: splits and dividends inside the token

A token’s multiplier says how many shares it represents, and it moves when the stock splits or a dividend is reinvested. On 1 November, 249 of the 474 Ondo tokens with a multiplier on record were off 1.000000, and 237 of those sat between 1 and 1.5, a range typical of reinvested dividends; 61 Ondo readings changed over the month. The largest moves were ETHA, from 1.000000 to 0.333333, and ENLV, from 0.066667 to 0.004167, both typical of a reverse split. At xStocks 69 of 96 tokens were off 1.000000 and 13 changed; at Robinhood 49 of 203 and 12 changed; at bStocks 29 of 77 and six changed; at Coinbase three of 10; at Backpack one of 89. NFLX stood at 10 at both Ondo and xStocks and CRWD at 4 at Robinhood and xStocks, typical of a stock split. Daily readings for every issuer that publishes one are on the multipliers page, and the multiplier explainer shows how the number changes a token’s fair price.

How these numbers are built

• The dashboard reads the DEX pools of every contract the seven issuers list. A pool that pairs two tracked stocks is counted once; there were 54 of them, so 2,936 pool records become 2,882 pools.
• At most 30 pools are read per contract. 25 contracts sit at that cap, so their liquidity is a floor, not a total.
• Pools created per month count the pools that exist at the snapshot and report a creation date. A pool closed earlier, or one without a creation date, is not in the count.
• 24-hour volume is a rolling figure at the moment of the snapshot, not a monthly total.
• Month-on-month comparisons set the 1 November snapshot against the one taken on 1 October 2026 for the September report.
• Issuer facts are compiled from each issuer’s public pages and carry a date; they are not independently verified.

The next report covers November 2026. Until then the numbers move live on the tokenized stocks dashboard, where every contract can be exported as CSV. The charts behind these numbers are live and free to embed with a credit line.

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