Solana’s tokenized stock market share drops from 71% to 30%

  • Solana lost share of the on-chain tokenized stock trading market, Crypto Briefing reported.
  • 71% fell to 30% over the past two weeks.
  • BNB Chain and Robinhood Chain introduced products combining memecoins with stock tokens.

Solana’s share of on-chain tokenized stock trading fell from 71% to 30% over two weeks, Crypto Briefing reported. The outlet said the decline appeared to reflect speculative demand moving to rival chains rather than a problem with Solana itself. BNB Chain and Robinhood Chain introduced products combining memecoins and stock tokens. These products use trading pairs that bundle both assets, unlike Solana’s xStocks, which tokenize stocks for trading. Trading them requires bridging (moving assets across blockchains), a process Crypto Briefing said can increase network volume and activity while attracting additional investors.

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Solana’s tokenized stock market share drops from 71% to 30% - CoinPost Terminal