Tokenized stocks traded almost as much over the Labor Day weekend as they did on Friday, when U.S. exchanges were open, according to volume data from CoinGecko covering the 42 largest tokens across the four platforms that carry most of the sector's activity.
Weekend and holiday sessions are the functional case for putting equities onchain. The New York Stock Exchange closed at 4 p.m. ET Friday and did not reopen until 9:30 a.m. ET Tuesday, because Labor Day on Sept. 7 is a full closure — an 89-and-a-half-hour gap in which the same exposures kept trading onchain.
Saturday brought $490.3 million and Sunday $516.9 million, for a weekend total of $1.01 billion. Friday, with the cash market open all session, produced $1.02 billion across the same 42 tokens. Labor Day added $398.3 million, putting the three-day shutdown at $1.41 billion.
Robinhood's tokens accounted for $572.8 million of weekend volume, or 57% of the measured total, split $288.2 million Saturday and $284.6 million Sunday. Binance's bStocks followed at $303.5 million, Backed Finance's xStocks at $87.1 million and Ondo Global Markets at $43.8 million.
Robinhood leads on trading while holding the smallest book of the three largest platforms. Its tokenized equities are worth $133.2 million against Ondo's $860 million and xStocks' $631.2 million, rwa.xyz data shows, in a sector that holds $2.89 billion across 2.86 million holders. Robinhood Chain carried $1.61 billion of total decentralized exchange volume on Saturday, $1.51 billion Sunday and $1.51 billion on Labor Day, according to DefiLlama, with stock tokens a slice of it.
