Solana Just Had Its Biggest Week Ever in This 1 Key Segment. Is It Worth Buying?
Yahoo Finance ·
A blockchain just took 95% of the on-chain tokenized equities market in one week, with nearly $1.3 billion in tokenized stock trading volume flowing through its infrastructure. That chain is Solana ( SOL 1.46% ) , and its success in the tokenized equities segment is probably just getting started. High speed and low fees are Solana's calling cards, and tokenized stocks are where those capabilities shine. Last week's $1.3 billion in trading volume for tokenized stocks topped the volume of every other network combined. As of June 23, the chain's total value of tokenized stocks was around $395.2 million. The surge in trading volume came from an event you've probably heard of. Space Exploration Technologies' initial public offering (IPO) on June 12 also saw the launch of at least three versions of tokenized SpaceX shares on the Solana blockchain that day, each issued by a different ecosystem project. Those shares alone made up about half of the network's tokenized stock trading volume. Before that, Solana led on-chain tokenized equity volume for 54 consecutive weeks (and counting). However, the magnitude of last week's surge was unmistakably a SpaceX-related phenomenon.
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