Tokenized stock on-chain transfer volume has exceeded $9 billion for two consecutive months. However, July saw fiercer competition compared to June, with CEX tokenized solutions experiencing strong growth. In June, xStocks + Ondo accounted for over 95% of the trading volume, with xStocks alone reaching a staggering $6.6 billion in monthly volume. In July, Binance bStocks rose rapidly, achieving $3.28 billion in trading volume for the month, while xStocks took the biggest hit, dropping to the $1 billion range. Ondo saw a slight increase. Additionally, with the mainnet launch, Robinhood's on-chain stocks also surged quickly in July, with monthly trading volume exceeding $1 billion. Currently, the on-chain stock market is dominated by Binance bStocks, Ondo, xStocks, and Robinhood. Judging by the first few days of August, bStocks seems poised to monopolize the on-chain stock trading space.