Solana captured 95% of the tokenized stock market: a record $1.29 billion in one week
Over the past week, the Solana blockchain has demonstrated dominance in the market for tokenized stocks, accounting for 95% of all trading volume in this segment. According to data from the analytical platform Solana Floor, the figure reached an all-time high of $1.29 billion. This exceeds the total volume for the entire previous month. The key catalyst was the launch of the SPCX token, linked to the public offering of SpaceX shares.
Such a surge in activity appears particularly stark against the sluggish dynamics of the SOL asset itself. The network's native token is still trading 75% below its all-time high, recorded at around $295. The total value locked (TVL) in the Solana ecosystem stands at $5.7 billion, nearly half the peak of September 2025, when TVL exceeded $13 billion.
Against this backdrop, active debates have unfolded among traders: whether the coin has formed a local bottom, or if the decline will continue. The growing interest in tokenized assets on Solana may indicate a reallocation of capital toward real-world assets (RWA), but the network's fundamental metrics have yet to confirm a trend reversal.
Expert commentary: The explosive growth in the volume of tokenized stocks on Solana is undoubtedly a positive signal for the network, showcasing its ability to process high-frequency transactions with real assets. However, one should not confuse activity in one segment with the overall health of the ecosystem. Until SOL shows a confident recovery above key resistance levels, it is premature to talk about a shift in the bearish trend. Keep an eye on TVL dynamics and stablecoin volume — these are more reliable indicators.