Raydium leads tokenized stock DeFi TVL growth with $1.5 million daily increase

Raydium recorded the largest increase in tokenized stock DeFi total value locked over the past 24 hours, adding about $1.5 million, according to a post from RWA Foundation citing Token Terminal data.

.@Raydium led tokenized stock DeFi TVL growth over the past 24 hours, +$1.5M@Raydium: +$1.5M@Uniswap: +$1.2M@aeroxyz: +$582.2K@orca_so: +$360.2K@Kamino: +$162.6K@MeteoraAG: +$10.6K

Data: @tokenterminal pic.twitter.com/g3WiIxYldV

— RWA Foundation (@RWAFoundation_) November 12, 2026

The same comparison placed Uniswap next at $1.2 million, followed by Aero at $582.2 thousand, Orca at $360.2 thousand, Kamino at $162.6 thousand and Meteora at $10.6 thousand. The figures refer to tokenized stock activity, not overall protocol TVL.

The update points to Raydium as the biggest contributor to that narrow segment’s TVL growth in the measured period, but it does not by itself establish whether the move reflects sustained usage, a one-off spike or a broader shift in trading patterns. TVL can rise for different reasons, and the available figures do not separate those drivers.

A separate report from Pine Analytics also said Raydium’s TVL rose from $859 million to $1.34 billion and linked the increase to a pickup in tokenized-stock trading. That broader reading matches the direction of the newer 24-hour snapshot, though the two figures refer to different timeframes.

For now, the clearest takeaway is that Raydium appears to be capturing a meaningful share of recent tokenized stock DeFi growth, with peer platforms also showing gains but at smaller levels.