Nvidia · Circle · Crypto Briefing
Micron’s tokenized stock hits $13 billion trading volume in May as tokenized equities market explodes 40x
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The semiconductor giant's tokenized perpetuals surged 17x in a single month, part of a broader wave pulling traditional finance onto crypto rails.
Key facts
- Trading volume for tokenized MU contracts rocketed to $13.16 billion in May 2026, up from $736.21 million in April
- According to CoinGecko’s “2026 TradFi on Crypto Exchanges Report,” the total tokenized equity perpetuals market hit $34 billion in monthly trading volume in May 2026
- The broader real-world asset (RWA) perpetuals market, which includes tokenized equities alongside other traditional financial instruments, reached $347 billion in volume during May 2026
- To put that in perspective, the entire tokenized equity perpetuals market was doing $831 million in monthly volume back in July 2025
Summary
Micron Technology’s tokenized stock perpetuals pulled off one of the most dramatic single-month surges in the short history of tokenized equities. To put that in perspective, the entire tokenized equity perpetuals market was doing $831 million in monthly volume back in July 2025. According to CoinGecko’s “2026 TradFi on Crypto Exchanges Report,” the total tokenized equity perpetuals market hit $34 billion in monthly trading volume in May 2026. The top three most-traded tokenized equities by volume are Micron, Nvidia, and Circle (CRCL).