CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.

Combined centralized crypto exchange volumes declined 6.53% to $5.26T, with spot trading dropping 15.7% to $1.27T.

CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.

Combined spot and derivatives trading volumes on centralized exchanges declined 2.41% to $5.61T, marking the lowest level of activity since October 2024.