Solana has reclaimed the lead in tokenized equity trading after briefly trailing BNB and Robinhood Chain, accounting for more than 32% of daily volume versus 27% for BNB and 25% for Robinhood. The network also led tokenized commodities with 28% of weekly market share. Backpack’s native $BP token reached a record $1.67 and rose 265% over 30 days, while the source separately described the move as a 255% gain. Backpack offers exchange, wallet and onchain securities issuance services, but xStocks remains the dominant issuer on Solana, accounting for 74% of tokenized equities and recently regaining the trading-volume lead. Blockworks analyst Sam Schubert said Backpack’s $SPCX trades were 1.23 basis points cheaper to execute than the xStocks equivalent, with the gap reaching 5.8 basis points against Robinhood Chain stocks on trades below $1,000.