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Solana leads tokenized stock trading volume for 54th straight week

Solana leads tokenized stock trading volume for 54th straight week

Solana hit a record $188 million in 24-hour tokenized equity spot volume as Ondo Finance added 173 new stocks and ETFs, expanding the on-chain lineup for blockchain-based stock and fund exposure.

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ONDO

Fact Check
Multiple sources corroborate all components. CryptoBriefing confirms the record ~$188M ($187.9M) 24-hour tokenized equity volume on Solana and Backpack's SPCX driving over half of it. SolanaFloor explicitly affirms the '54 consecutive weeks' of Solana leading tokenized stock volume and the 85%+ market share figure. SolanaCompass corroborates the SPCX launch via Backpack Securities and its volume leadership. The only element lacking independent confirmation outside the Solana-focused outlets is the precise '54th week' count, but it is reported directly and consistently with the 85% dominance figures, so the overall claim is likely true.
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Summary

Solana remained the leading network for tokenized stock trading volume across all L1 and L2 chains combined for a 54th consecutive week, while tokenized equities on the network reached a record $188 million in 24-hour spot volume. Much of the earlier reported activity was driven by tokenized $SPCX on Backpack, which recorded $80 million in volume and accounted for more than half of trading at that time. Separately, Ondo Finance added 173 new stocks and ETFs to its tokenized equity offering, broadening the range of on-chain stock and fund exposure available to users. Together, the developments point to growing activity in tokenized equities, while also highlighting concentration risk and possible regulatory scrutiny as trading clusters on one network.

Terms & Concepts
  • tokenized equities: Blockchain-based representations of stocks or ETFs that provide on-chain exposure to traditional securities.
  • L1 and L2: Base-layer blockchains and secondary scaling networks built on top of them.
  • spot volume: Trading volume for immediate purchase and sale rather than derivatives.