Solana Tokenized Equity Holders Surpass 800K
The number of tokenized stock holders on Solana has surpassed 800,000, according to data from Blockworks. This marks an impressive growth rate, with the metric increasing by 88% in just two weeks. At the start of September, there were only 424,894 tokenized stock holder addresses.
The rapid growth can be attributed to several factors, including the introduction of custom pairs on launchpads like Pump.fun and StockFun. These platforms allow creators to launch coins priced in tokenized stocks instead of SOL, with trading fees paid out in the stock token. This has led to a significant increase in wallet activity, with many traders buying memecoins and having their fees routed back into tokenized equities.
Despite the rapid growth, it's essential to note that the number of addresses does not necessarily mean the number of users. One trader running multiple wallets can count as several addresses, and launchpad activity tends to spawn new wallets rather than consolidate existing ones.