Tokenized asset deposits tripled to $7.4B as DeFi spot volumes fell ~70%

Tokenized asset deposits tripled to $7.4 billion, driven by gold, US Treasuries and the S&P 500, according to a CoinShares report. At the same time, spot trading volumes on decentralized exchanges (DEX) fell by roughly 70%. The data highlights a shift toward traditional-asset tokenization and away from DeFi trading activity.