Tokenized stock trading volume on decentralized exchanges surged approximately 9x quarter-over-quarter to $50 billion in Q3 2026, according to ARK Invest's latest DeFi report. This growth drove overall DEX spot trading volume up 13% to $571 billion, marking the first rebound after four consecutive quarters of decline. The share of tokenized stocks in total DEX spot volume jumped from roughly 1% in Q2 to about 9%. Broader on-chain financial activity also recovered significantly. Stablecoin adjusted trading volume rose 16% quarter-over-quarter to $781 billion, while average monthly active addresses increased 39% to approximately 73 million. Real-world asset (RWA) market capitalization grew 19% to about $39 billion. Lending protocol deposits expanded 51% to $81 billion, with active loans rising 41% to $29 billion. In derivatives markets, perpetual contract DEX open interest climbed 76% quarter-over-quarter to nearly $24 billion, though trading volume declined 16% to approximately $1.4 trillion, indicating expanding market positioning amid cooling trading activity.