Coinbase’s tokenized stocks surpassed $1 billion in decentralized exchange (DEX) trading volume during their first month on the Base platform, according to commentator Token Terminal. The activity generates transaction fees for Base and could create additional revenue opportunities through securities lending and a share of DEX fees. The development comes as interest grows in tokenized assets, which represent traditional securities on blockchain networks, and as the U.S. regulatory environment becomes more accepting of tokenized stocks. Market participants will watch trading volume, user engagement on Base and regulatory developments in the coming weeks.