xStocks Platform Records High Trading Volume on DEX

xStocks, a platform for tokenizing stocks developed by Backed, saw significant trading volume yesterday, according to data from Dune. The platform’s DEX trading volume reached $2.86 million. Tokenized Tesla stocks were the most active, with a trading volume of $1.52 million. Following Tesla, tokenized MicroStrategy (MSTR) and the S&P 500 index tokens saw volumes of $362,000 and $317,000 respectively, taking second and third positions in activity.