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      Solana's Tokenized Equities Volume Share Reaches 35%, Closing in on Robinhood Chain

      Solana has increased its share of the global tokenized equities trading volume to approximately 35%, narrowing the gap with Robinhood Chain, which holds a 39% share. This marks a significant recovery for Solana, which had previously dominated the market, controlling between 95% and 97% of all tokenized equity decentralized exchange (DEX) volume globally in the second quarter of 2026.

      In Q2 2026, Solana processed $5.8 billion in tokenized equity trading volume, driven by platforms such as xStocks and Backpack Securities, with Raydium as the main trading venue. The peak trading activity occurred in June during the SpaceX IPO, when single-day volumes reached a record $644 million, highlighting the platform's earlier dominance in the sector.

      However, following the launch of Robinhood Chain on July 1, 2026, which introduced a novel liquidity strategy combining tokenized stocks with memecoins, Solana's market share dropped to around 30% by late August. Robinhood Chain quickly gained traction, averaging $29.7 million in daily tokenized stock DEX volume, at times surpassing Solana's trading venues.

      As of September 2026, Solana has stabilized its market share at 35%, amidst a broader market expansion that saw weekly tokenized equity trading volumes across all platforms reach approximately $3 billion in August. The entry of BNB Chain with its bStocks platform has further intensified competition in the market, which is also witnessing increased use of tokenized equities as collateral in decentralized finance (DeFi) lending and borrowing protocols.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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