Solana currently holds approximately 35% of the global trading volume for tokenized equities, trailing behind Robinhood Chain, which commands a 39% market share. This marks a recovery for Solana, whose market share had dropped to around 30% by late August 2026.
In the second quarter of 2026, Solana dominated the sector, processing between 95% and 97% of global tokenized equity DEX volume. During that period, the network recorded $5,8 billion in volume, primarily driven by platforms such as xStocks and Backpack Securities, with Raydium acting as the main venue.
Trading activity on Solana peaked in June 2026 during the SpaceX IPO, when single-day volumes reached a record $644 million. By late August 2026, the cumulative tokenized equity volume on the Solana network surpassed $9,5 billion, with growth tracking back to mid-2025.
Robinhood Chain, an Ethereum Layer 2 solution, launched on July 1, 2026. The platform achieved an average daily volume of $29,7 million by pairing tokenized stocks with memecoins. Additionally, BNB Chain has entered the market with its bStocks offering, further increasing competition.
