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Solana posts record $1.29 billion week in tokenized equities trading

Solana posts record $1.29 billion week in tokenized equities trading

Solana captured 95% of tokenized equities spot trading in a record week driven by SpaceX-linked $SPCX activity, even as debate continues over whether $60 marked a bottom for SOL.

SOL

Fact Check
The primary source SolanaFloor X post (2068999866278134022) explicitly confirms the exact $1.29B weekly record, the 95% capture of tokenized trading, and the $SPCX launch as the driver. The Cryptopolitan article reproduces the same figures. SolanaCompass independently corroborates Solana setting a weekly tokenized equity volume record that is a record for any blockchain, attributing it to Backpack's SPCX. Multiple SolanaFloor daily posts document the escalating SPCX-driven volume. All key elements of the claim are supported by aligned primary and secondary sources.
Summary

Solana logged its largest week on record for tokenized equities, with trading volume reaching $1.29 billion and accounting for 95% of tokenized equities spot trading. The surge was driven by the launch of tokenized $SPCX tied to SpaceX, reinforcing Solana’s position as the main venue for blockchain-based stock exposure and broader real-world asset activity. Solana now holds nearly $3 billion in tokenized assets, up more than 500% over the past year, while analysts separately continue to debate whether $60 marked a bottom for SOL, underscoring uncertainty around the token’s price outlook.

Terms & Concepts
  • tokenized equities: Blockchain-based representations of stocks that can be traded on-chain.
  • real-world assets: Traditional financial assets such as stocks, bonds or funds brought onto blockchain networks.
  • spot trading: Trading in the underlying asset for immediate exposure rather than through derivatives.