
Spot DEXs on Solana see $5.8B in trading volume for tokenized stocks
Solana dominated the tokenized equity market in Q2 2026, capturing approximately 95% to 97% of global decentralized exchange volume. The blockchain recorded $5.8 billion in spot volume for tokenized stocks, marking a 114% increase from the previous quarter and a significant rise from $1.34 million just one year prior. This growth was primarily driven by Backed Finance’s xStocks product suite, which offers over 60 tokenized US equities and ETFs backed 1:1 by custodied shares. Raydium emerged as the primary venue for these assets, with cumulative volume exceeding $3 billion by late June 2026. While Solana held the lead for most of the quarter, competition intensified by late July as the Ethereum-based Robinhood Chain began to surpass Solana in daily trading volume. The shift toward tokenized securities is significant because it eliminates traditional T+1 settlement delays and enhances asset composability within DeFi protocols. This rapid adoption highlights a growing institutional and retail appetite for on-chain access to traditional financial instruments.
















