Tokenized stocks living on Coinbase’s Base network have surged from roughly $5 million to $20.7 million in market cap, a roughly fourfold increase.
The growth comes just days after Coinbase launched its B20 token standard on August 24, introducing fractional, tokenized claims on some of the world’s most recognizable companies. Think Nvidia, Apple, Meta, and Alphabet, all trading around the clock on a blockchain instead of waiting for the NYSE to open.
How the launch unfolded
Coinbase minted approximately $4.55 million worth of tokens on day one. By August 25, total supply of tokenized equities on Base had already reached $16.5 million, with 24-hour decentralized exchange volume hitting $22.6 million.
That volume figure is notable. DEX trading exceeded the total supply of issued tokens, meaning these assets were changing hands rapidly. Liquid pool resources stood at $5.8 million at that point. Subsequent trading volume surpassed $10.8 million after the initial launch-day surge.
