Solana captured 95% of the tokenized stock market: weekly volume surged to $1.29 billion
The past week was a landmark for the Solana ecosystem: the blockchain accounted for 95% of the entire global volume of tokenized stock trading. This figure reached a record $1.29 billion, exceeding the total volume of the previous month. Such a surge in activity became possible thanks to the launch of the SPCX token, linked to the initial public offering (IPO) of SpaceX.
Interestingly, this powerful influx of capital into the tokenized assets sector occurs against the backdrop of subdued dynamics for the SOL coin itself. The network's native token remains more than 75% below its all-time high of around $295. Solana's total value locked (TVL) holds steady at about $5.7 billion, significantly below the peak of roughly $13 billion recorded in September 2025.
Against this contrast between the rapid growth of one segment and the sluggish price dynamics of the main asset, traders are actively debating whether SOL has formed a local bottom. The market is clearly searching for new support points, and success in the niche of tokenized real-world assets (RWA) could become one of the key drivers for restoring confidence in the network.
My analysis: Solana's dominance in tokenized stocks is not just a statistical spike but a signal of the blockchain infrastructure's maturity for institutional products. However, until this success translates into a rise in SOL's price, investors should remain cautious. The market may be waiting for larger catalysts, such as mass adoption of RWAs or new partnerships at the level of traditional financial giants.