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Stablecoins & Payments Unverified

Dune report finds most tokenized cash rarely trades

A Dune report published Wednesday states tokenized real-world assets reached $34.5 billion at the end of August, with tokenized Treasury funds making up half and turning over 0.006% of supply that month, while equities generated 93% of spot volume.

Why “Unverified”

  • Reported by The Defiant alone, with no second source or primary confirmation yet

1 independent source groups across 1 posts · evidence score 52/100. How labels work

What the sources claim

  1. Tokenized real-world assets reached $34.5 billion at the end of August, according to a Dune report.

    “Tokenized real-world assets reached $34.5 billion at the end of August, according to a Dune report”
    The Defiant
  2. Tokenized Treasury funds make up half of the tokenized real-world asset market.

    “Tokenized Treasury funds make up half of it”
    The Defiant
  3. Tokenized Treasury funds turned over 0.006% of supply that month.

    “turned over 0.006% of supply that month”
    The Defiant
  4. Equities, 8% of the market, generated 93% of spot volume.

    “Equities, 8% of the market, generated 93% of spot volume.”
    The Defiant

Sources

Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-09-30 15:10 UTC. Labels are computed from the sources, not by the model.