Tokenized Stocks Spot DEX Trading Volume Hits All-Time High... Solana Accounts for 97.8%
Tokenized stocks spot DEX daily trading volume exceeded $565 million on 24th, setting a record high. Most trades concentrated on Solana, which handled $553.3 million (97.8% of total). BNB Chain recorded $7 million, Base $5.2 million, and Ethereum $940,000. The surge coincided with traditional financial events like SpaceX (SPCX) IPO and Micron (MU) earnings reports. Solana's dominance stems from its early adoption by major tokenized stock issuers, liquidity aggregation, low fees, and fast transaction speeds. Trading volume spiked on days with upcoming IPOs or earnings reports when physical stocks weren't available for 24-hour trading. However, sustained volume without events remains unconfirmed. The overall tokenized stocks market, per Delphi Digital, stands at $1.49 billion, with top 10 assets holding 60% and top 20 nearing 75% market share.