Solana leads tokenized equities and RWA activity by holders and trading volume
Allium Labs data showed Solana held 60% of spot equity positions, while Backpack said SPCX and broader tokenized stock trading pushed the network to record volume and more than 285,000 RWA holders.
Solana has emerged as the leading blockchain for tokenized equities and broader real-world assets by both holder participation and trading activity, according to figures from Allium Labs and Backpack. Allium Labs data showed Solana hosted 189,500 spot equity holder positions, or 60% of 316,000 positions across blockchains, despite accounting for 27% of spot equity market cap. A later update said Solana's total real-world asset holder count surpassed 285,000 after the SPCX tokenized IPO. On the trading side, Solana earlier captured $116 million of tokenized equities volume in a single day, or 94% of cross-chain volume, and Backpack later said SPCX generated $439 million in Solana trading volume within a week of the SpaceX IPO, helping lift Solana to a record $1.04 billion in tokenized stock turnover and a 70.6% market share.
- real-world assets: Traditional financial or other off-chain assets represented on a blockchain.
- tokenized equities: Blockchain-based representations of stocks.
- holder positions: Wallet-based holdings or exposures to an asset.