Record capital inflow into tokenized stocks: Solana captured 95% of the market in a week
The past week was a landmark for the Solana ecosystem in the tokenized assets segment. According to my data, the blockchain accounted for a colossal 95% of the entire global trading volume of tokenized stocks among all networks. This figure reached a record high of $1.29 billion, already exceeding the total volume for the entire previous month.
The main catalyst for this explosive growth was the launch of the SPCX token, tied to the initial public offering (IPO) of SpaceX. Investor interest in this instrument was so high that it effectively reshaped the structure of the tokenized securities market, channeling the bulk of liquidity specifically into the Solana network.
However, this impressive success in a narrow niche contrasts with the overall sluggish dynamics of the SOL asset itself. At the moment, the coin's price remains more than 75% below its all-time high, recorded around $295. The Total Value Locked (TVL) indicator on the Solana network also shows restrained dynamics, hovering around $5.7 billion. For comparison, in September 2025, TVL reached peak values of approximately $13 billion.
Against the backdrop of this dual picture, active debates have unfolded among traders: has SOL formed a bottom, or are the current levels merely a temporary pause before a new decline? Record activity in the tokenized stock sector is certainly a positive signal for the network, but it is not yet enough for a sustainable price increase of the token itself.
My comment: The launch of SPCX is a vivid example of how a single, highly liquid instrument can distort the overall picture of blockchain activity. While Solana dominates this specific niche, a broader influx of capital into the DeFi and NFT segments, not just tokenized stocks, is needed to restore confidence in SOL as an investment asset.