Tokenized stocks accounted for an average 11% of decentralized exchange (DEX) trading in September, six percentage points below meme coins at 17%, according to Binance Research. Their share was near 0% throughout 2025 and most of the first half of 2026, before tokenized stocks briefly overtook meme coins in late July. The shift coincided with rapid market growth: tokenized stocks surpassed $3 billion in market capitalization during September’s fourth week, making them the fastest-growing real-world asset (RWA) category of 2026. BNB Chain held about $1 billion, or 34% of the market, by mid-September. Onchain transfers, including trades, rose from $6 billion in the first quarter to more than $100 billion in the third quarter. Meme coin activity, meanwhile, moderated from a 6% to 53% DEX share range in 2025. October data will indicate whether tokenized stocks can maintain a double-digit DEX share and again challenge meme coins.