BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Solana Grabs 95% of Tokenized Stock Market Volume After xStocks Launch

by Darius Ngetich
Jul 4, 2025 - 11:44 pm
in Blockchain
Chart showing Solana’s dominance in tokenized stock trading after xStocks launch

Solana Dominates Tokenized Stock Market with xStocks Launch

Solana has rapidly become the market leader in tokenized stock trading, marking a major shift towards stock-based real-world assets (RWAs). Backed Finance’s recent launch of the xStocks platform brought about this shift, propelling Solana to take over over 95% of trading volume in the new space.

xStocks Drives Surge in Stock-Based RWAs

Launched on June 30, xStocks trades 60 tokenized stocks—55 individual and 5 ETFs. On its launch day, the platform clocked over $1.3 million in volume, with Strategy stocks leading the way early on. This was later surpassed by popular tokens like Tesla ($TSLAx) and S&P 500 ($SPYx) in terms of trading volume.

On July 2 alone, the $SPYx token accounted for over $4.67 million in daily trading—over 50% of all tokenized stock volume traded on the day. By July 3, daily volumes were down by over half, marking a deflation of initial hype.

xStocks AUM Hits $48.6M During Volume Downturn

A decline in trading activity despite it, xStocks’ assets under management (AUM) were at $48.6 million on July 3. Its largest holdings were:

  • $SPYx: $6.9M
  • $METAx: $4.3M
  • $TSLAx: $3.4M

These figures reflect persistent user confidence in holding tokenized stocks even in the face of volume volatility.

Over 20K Wallets Reflect Increased User Appetite
User uptake of the xStocks platform has been robust, with over 20,000 unique individual wallets presently carrying tokenized shares. $SPYx leads in popularity, with over 10,000 wallets, followed by $TSLAx (8,100 wallets) and $NVDAx (5,500 wallets).

Liquidity Problems Remain

While early adoption is encouraging, Solana-focused analytics firm SolanaFloor reported low liquidity. Tokenized stock trading on Solana will succeed long-term ultimately through either improving conditions for liquidity or greater investor confidence.

Conclusion

Solana’s DeFi pivot toward stock-based RWAs with xStocks has attained early supremacy. Whether that momentum continues depends on ongoing user interest and expanding liquidity.

Tags: Regulation
Darius Ngetich

Darius Ngetich

Darius Ngetich is a blockchain, crypto, and gaming enthusiast. He is also an animator, VFX Artist, and Game Developer, specializing in computers with vast experience in programs like Blender, Unity, and Unreal Engine. My passions are creating games and informing others about the latest developments in crypto, blockchain, and gaming.

Related Posts

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

Vanguard headquarters preparing for crypto ETF access

Vanguard Prepares to Open Brokerage Doors to Crypto ETFs

September 26, 2025

Vanguard is drafting plans to grant brokerage clients access to crypto ETFs, marking a strategic retreat from its...

PYTH token price soars as Trump administration selects blockchain oracles for economic data

Crypto Daily: UK Finance Tokenized Deposits Pilot, BlackRock Bitcoin Yield ETF, Hashdex Expands Crypto Index

September 26, 2025

UK Finance pilots tokenized sterling deposits, BlackRock files Bitcoin Premium Income ETF, and Hashdex expands crypto ETF with...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service