The platform led monthly trading on Solana’s tokenized stock market in its first full month despite holding a far smaller share of outstanding supply than xStocksFi.
Backpack surpassed xStocksFi in monthly tokenized equities volume on Solana for the first time in July, just one month after launching. The shift is notable because Backpack accounted for only 5% of Solana’s tokenized stock supply, while xStocksFi held an 87% share, showing trading activity outpaced its footprint in circulating tokenized equities.