Tokenized Stocks Onchain Hit Record $4.3B Monthly Volume
Onchain trading of tokenized stocks reached $4.3 billion in the past 30 days, a new all-time high. Solana-based trading of tokenized SpaceX stock alone saw $100 million in 24-hour volume on June 15.
Onchain tokenized stock trading has hit a historic milestone, with $4.3 billion in volume over the last 30 days — the highest monthly figure since inception. This represents growth of over 140% year-to-date.
On June 15, following the SpaceX IPO and the launch of the $SPCX token, 24-hour spot volume for tokenized stocks trading on Solana surpassed $100 million for the first time. Solana dominated, capturing up to 99% of all-chain volume for tokenized SpaceX. Jupiter emerged as the leading venue by volume for trading this asset.
The surge pushed cumulative onchain transfer volume for tokenized stocks above $20 billion for the first time, signaling accelerating adoption of asset tokenization.
Source: The Kobeissi Letter