Pavlo Kot

Solana captures 95% of tokenized equities with record $1.29B weekly volume

Solana captures 95% of tokenized equities with record $1.29B weekly volume
Solana leads tokenized equities

​Solana accounted for approximately 95% of global trading volume in tokenized equities over the past week. Weekly turnover reached a record $1.29 billion as analysts continue to debate whether SOL has established a long-term price bottom following its sharp decline.

According to Solana Floor, the weekly trading volume exceeded the combined total recorded during the entire previous month. Analysts attributed most of the growth to the launch of SPCX, a tokenized instrument linked to the SpaceX IPO.

At the same time, the Solana ecosystem maintained its lead among public blockchains in application revenue. Over the past week, applications built on the network generated approximately $21 million, outperforming Ethereum, Hyperliquid, and Base.

During the past month, total application revenue on Solana reached nearly $83 million, also exceeding that of its main competitors.

DeFi capital remains below previous highs

Despite strong trading activity, the value locked in Solana's DeFi protocols remains well below the peak levels of the previous market cycle. Analysts estimate the network's current total value locked (TVL) at approximately $5.7 billion, compared with its all-time high of $13 billion recorded in September 2025.

This suggests that users continue to actively utilize Solana's infrastructure, while institutional and long-term capital has yet to return to the ecosystem at previous levels.

Analysts remain divided on SOL

Growing on-chain activity has done little to settle the debate over SOL's outlook.

Some analysts view the $45–$60 range as an attractive long-term accumulation zone, pointing to the scale of the correction and similarities with previous market cycles experienced by Bitcoin and Ethereum.

Others argue that after the 2022 bear market, Solana spent more than 500 days forming a base. In their view, the token must establish itself above the $90 level before a sustainable recovery can be confirmed.

The surge in tokenized equity trading reflects a broader expansion of the Solana ecosystem. According to Messari, the market capitalization of tokenized real-world assets (RWA) on the network grew 43% during the first quarter of 2026, surpassing $2 billion.

Earlier, Bernstein reported that the tokenized RWA market had exceeded $51 billion after growing 40% since the beginning of the year. The firm identified tokenized equities as the fastest-growing segment of the industry and a key driver of blockchain infrastructure development.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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