CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape.

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.

In May, combined spot and derivatives trading volumes on centralized exchanges fell 3.45% to $4.41T, marking the lowest level since September 2024.

In April, combined spot and derivatives trading volumes on centralized exchanges fell 11.7% to $4.61T, marking the lowest level of activity since September 2024.