Solana Dominates Pre-IPO Token Trading Ahead of Potential Listings

The Solana blockchain has become the go-to platform for trading pre-IPO tokens of OpenAI and Anthropic, accounting for 78% of all trading volume on these assets. This is according to a recent report from Allium Labs, which found that PreStocks on Solana has processed $414.7 million in volume since its launch in September 2025.

PreStocks has generated $2.4 million in fresh trading over the last 30 days, while Ventuals, another platform, accounted for just $11 million of new activity during the same period. The total volume across all three venues reached $15.2 million over the last 30 days.

The dominance of PreStocks on Solana reflects a broader trend in the market, with tokenized real-world assets increasingly settling on this platform before reaching public markets. This shift has been particularly evident in the case of SpaceX tokens on Solana, which absorbed trading interest ahead of its Nasdaq listing.