Backpack Tokenized Stocks DEX Trading Volume Surges by $193 Million

Backpack's tokenized stocks decentralized exchange (DEX) trading volume rose by $19.3 million (approximately 267.7 billion won) compared to the prior seven-day period, the highest increase among tokenized stock issuers during the same timeframe. According to Odaily reporting data collected at 3:21 p.m. on October 20, Backpack's recent seven-day DEX trading volume growth reached $19.3 million. Coinbase ($COIN) saw a $16 million (approximately 147 billion won) increase to rank second, while st0x recorded a $38.6 million (approximately 53.5 billion won) rise for third place. This data compares the growth in trading volume rather than the total volume of tokenized stocks. Backpack provides tokenized stocks that can be traded on DEXs. Tokenized stocks reflect real stock price movements as blockchain-based tokens. On DEXs, trades occur through liquidity pools instead of traditional stock exchange order systems. Trading volume is influenced by factors such as token issuance size, liquidity provision, and trading support scope. However, it remains unclear from this data alone whether Backpack's growth reflects expanded user adoption or sustained liquidity improvement.