Solana Tokenized Grindr Stock Smashes NYSE Volumes in Debut

Solana's tokenized Grindr stock has generated over $31 million in trading volume within its first 24 hours, nearly doubling the NYSE figures from the prior session.

The tokenized version of Grindr's stock, which launched on September 10, beat both numbers before the sun set twice, with a total of $16.6 million moving on the NYSE the day before and an average daily volume of $25 million.

Backpack Securities and the Sunrise liquidity protocol were behind the launch, using the same infrastructure that powers Solana's growing suite of tokenized equities. Early action was concentrated on Raydium, with StonkFun's pairing features helping to channel initial liquidity.

The $GRND token recorded $14.1 million in volume within the first two hours alone, a figure that would have accounted for roughly 85% of Grindr's entire NYSE session the day before.