{"id":5075,"date":"2025-07-04T21:07:00","date_gmt":"2025-07-04T21:07:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-captures-95-of-tokenized-stock-trading-volume-in-massive-defi-pivot\/"},"modified":"2025-07-04T21:07:07","modified_gmt":"2025-07-04T21:07:07","slug":"solana-captures-95-of-tokenized-stock-trading-volume-in-massive-defi-pivot","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-captures-95-of-tokenized-stock-trading-volume-in-massive-defi-pivot\/","title":{"rendered":"Solana captures 95% of tokenized stock trading volume in massive DeFi pivot"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The recent launch of the xStocks platform enabled Solana to quickly achieve dominance in stock market tokenization.<\/p>\n<p>Solana has rapidly become a leader in stock-based real-world assets. According to the data analytics platform <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.kraken.com\/xstocks\" target=\"_blank\">SolanaFloor<\/a>, the launch of Backed Finance\u2019s xStocks platform helped Solana capture dominance in tokenized stock trading.<\/p>\n<p>Notably, data from Dune Analytics <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/solanafloor.com\/news\/solanas-tokenized-stocks-boom-analyzing-x-stocks-early-performance\" target=\"_blank\">shows<\/a> that since xStocks\u2019 launch on June 30, Solana has accounted for more than 95% of all tokenized stock trading volume. Currently, xStocks offers 60 tokenized assets on its platform, 55 stocks and 5 ETFs.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14394396\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Onchain stock token volume by blockchain | Source: Dune Analytics<\/figcaption><\/figure>\n<p>On the first day of trading, xStocks\u2019 volume surpassed $1.3 million, with Strategy\u2019s stocks capturing 30% of that figure. However, stocks and indices like Tesla and the S&amp;P 500 quickly overtook it in trading activity.<\/p>\n<p>The $SPYx tokenized stock recorded $4.67 million in daily volume on July 2, representing more than 50% of all trading that day. Still, by July 3, trading volumes had dropped by more than half, indicating that initial trading enthusiasm had cooled.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">xStocks AUM reaches $48.6 million<\/h2>\n<p>Despite the decline in trading volumes, major users on the platform continued to hold their stock tokens. On July 3, xStocks\u2019 assets under management reached $48.6 million. The leading asset was the $SPYx token, with $6.9 million in AUM. $METAx followed with $4.3 million, and $TSLAx came in third at $3.4 million.<\/p>\n<figure class=\"wp-block-image size-large\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14394410\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"564\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/07\/1751663220_930_Solana-captures-95-of-tokenized-stock-trading-volume-in-massive.png\" alt=\"The total assets under management on xStocks on July 3\">\n<\/picture><figcaption class=\"wp-element-caption\">The total assets under management on xStocks on July 3 | Source: SolanaFloor<\/figcaption><\/figure>\n<p>The platform also saw significant user adoption, with over 20,000 unique wallets holding tokenized stocks. Among them, the $SPYx token was the most popular, held by more than 10,000 wallets. $TSLAx and $NVDAx followed, with 8,100 and 5,500 holders, respectively.<\/p>\n<p>Still, despite this early engagement, liquidity remains low, SolanaFloor cautioned. The platform noted that liquidity will likely be the key factor in determining whether tokenized stock trading on Solana proves viable.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The recent launch of the xStocks platform enabled Solana to quickly achieve dominance in stock market tokenization. Solana has rapidly become a leader in stock-based real-world assets. According to the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5075"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5075\/revisions"}],"predecessor-version":[{"id":5076,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5075\/revisions\/5076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3917"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}