Solana handled 65% of all tokenized equities trading volume in a single day this week, representing 85% more than every other blockchain combined.
What Are Tokenized Equities?
Tokenized equities are blockchain-based tokens that track the price of real stocks. They can change hands at any hour, settle quickly, and trade on decentralized exchanges (DEXs)—trading venues run by code rather than a central operator.
Solana's Trading Surge
In Q2 2026, Solana captured 95-97% of global DEX tokenized equity volume. Trading on Solana DEXs alone reached $5.8 billion in that quarter, up 114% from the prior quarter.
The busiest single day came on June 24, when volume peaked at $644 million. Cumulative tokenized stock volume on the network passed $10 billion by late June 2026. By early October, year-to-date DEX volume had reached $12.4 billion.
On September 12, 2026, Solana processed over $200 million in tokenized equity trading volume, exceeding the combined tokenized equity volume tied to Nasdaq and NYSE by more than $100 million.
Key Metrics
- Raydium, a major Solana-based DEX, facilitated between 63% and 70% of tokenized equity activity
- Tokenized equity supply on Solana hit an all-time high of $684 million by mid-September 2026, up 47% in three weeks
- Holder counts reached between 727,000 and 850,000 wallets
- Through August 2026, 63% of Solana's tokenized equity trading occurred outside standard US market hours
Competition Emerges
Recent weekly volumes across all chains approached $3 billion. As late September approached, competition intensified and Solana's market share dropped to around 35%. Robinhood Chain overtook it during that period with roughly 39% of the market.
