Solana Tokenized Stock Trading Hits Record $644M Volume

Solana's tokenized stock trading volume surged to an all-time high of $644 million in a single day, according to recent data. This milestone marks a shift away from memecoins and towards tokenized versions of real equities.

For the week of June 15-21, Solana accounted for 95% of all tokenized stock trading volume globally, processing $1.298 billion out of $1.324 billion across every blockchain combined.

The spike in tokenized equity volume was driven in part by SPCX, a tokenized representation of SpaceX shares, which saw significant activity on Solana just days earlier.

Cumulative tokenized stock transfer volume on Solana crossed the $10 billion mark on June 23, with cross-chain tokenized equity volumes hitting $5.3 billion in May - a 44% increase from the previous month.