Solana now handles roughly 35% of global tokenized equities trading volume, compared with Robinhood Chain’s 39%, after losing most of its earlier dominance. During Q2 2026, Solana processed 95% to 97% of global tokenized equity decentralized-exchange volume and recorded $5.8 billion in volume. Activity peaked in June during the SpaceX IPO, when SPCX token trading drove single-day volume as high as $644 million. Robinhood Chain, a Layer 2 (scaling network built on another blockchain) for Ethereum, launched on July 1, 2026, and quickly reached an average $29.7 million in daily tokenized stock DEX volume. Solana’s share fell to around 30% by late August before recovering to approximately 35% in September. The wider market also expanded, with weekly tokenized equity volume reaching about $3 billion in August 2026. Solana’s cumulative volume surpassed $9.5 billion by late August, while capital locked across the sector remained in the low hundreds of millions. BNB Chain’s bStocks has added another major competitor, while tokenized equities are increasingly being used as collateral in DeFi (decentralized financial services) lending and borrowing protocols.