Solana Tokenized Equities Soar Past NASDAQ and NYSE Volumes
Solana's tokenized equity market has seen significant growth in recent weeks, surpassing trading volumes of major venues such as NASDAQ and NYSE. According to data, tokenized stocks on Solana generated over $200 million in volume, with Raydium capturing about 70% of that activity.
This rapid expansion of the tokenized equity market is driven by several issuers launching stock products on Solana, including xStocks, Ondo, Backpack Securities, Sunrise, Superstate, and Securitize. These platforms now offer over 100 different types of tokenized equities and ETFs, widening the market beyond a handful of assets.
Solana's SOL token is currently trading near $101.48, after recovering from the $97.50 area where buyers stepped in to provide support. The key resistance level at $102.50 remains a crucial pivot point for the token, and a sustained break above it could signal that buyers are overcoming repeated resistance.