According to CoinMeta, trading activity in the tokenized stock market has significantly decreased, despite the market value being on the rise. According to data from Token Terminal, the market capitalization in this sector has reached $3.8 billion, an increase of 18.6% compared to 30 days ago. However, the trading volume on decentralized exchanges (DEX) has shrunk to $16.8 billion. This discrepancy raises a question: whether the growing valuation of tokenized stocks is matched by sustainable liquidity in the secondary market. Currently, there are about five million holders and 11,811 listed instruments, but these figures do not indicate how many investors are actively trading during the reporting period. A 64.2% decline means that the trading volume of tokenized stocks (DEX) was nearly $46.9 billion in the previous comparable period. The absolute reduction in trading activity is about $30.1 billion, and this contraction is noteworthy as it occurs alongside the reported increase in the value of tokenized stocks.