Solana's Tokenized Stock Market Gains Traction Amid Uncertainty Over SOL Demand

Solana's tokenized stock market is gaining traction as it allows for 24/7 trading, but it remains to be seen whether this will translate into increased demand for its native cryptocurrency SOL.

The network saw 63% of tokenized-equity activity take place after the traditional closing bell, with over 727,000 holders. However, this alone does not guarantee stronger SOL demand.

To gauge whether Solana's growth is sustainable, analysts are looking at three key signals: chain TVL (total value locked), Ethereum's spot ETF inflows, and the wider tokenization market.

Solana's TVL was up 6.6% to $5.86 billion, but still lags behind Ethereum's $49.97 billion. Meanwhile, Ethereum saw a fourth consecutive week of net inflows into its spot ETFs, totaling over $216 million last Friday.

The tokenization market also showed signs of growth, with DEX volume reaching $15.9 billion and specific tokens like QQQb recording large gains in market capitalization.