The number of holders of tokenized shares has reached a record high of 766,000, showing a 93 percent increase over the past 30 days. According to the rwa xyz analytical platform, the main driver of this exponential growth is related to the launch of the Robinhood Chain infrastructure. In a short period of time, the platform has secured the presence of fifteen of the twenty-five largest tokenized assets in the industry. Nevertheless, experts point to structural distortions in statistics, since a significant part of the increase is due to the registration of the same users on various independent platforms.

A detailed analysis of the data reveals significant duplication of accounts among the leading issuers. For example, NVIDIA Corporation shares are represented by three different tokens from the Robinhood, xStock and Ondo platforms, which together form more than 112,000 records of holders, accounting for about 15 percent of the total list. A similar situation is observed with the assets of Tesla, Apple and Alphabet. At the same time, SpaceX's tokenized shares are showing abnormally high popularity, attracting more investors than all the S&P 500 and Nasdaq index products combined, despite the issuer's official entry into the traditional stock exchange.

Despite the quantitative growth of the user base, auxiliary metrics indicate an imbalance in market activity. The total distributed asset value increased by only 16 percent, while the monthly volume of transfers decreased by more than 31 percent, amounting to $6.12 billion. Experts characterize the current situation as the formation of multiple wallets with minimal positions and low frequency of transactions. To form a mature liquid market, it is necessary to simultaneously increase not only the number of holders, but also trading volumes, as well as an increase in the average capitalization of an individual investor's position.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.