Solana Tokenized Stocks Hit Record Volume As SPCX Turns Equity Trading Onchain
Solana’s tokenized stock market has hit a new high, with 24-hour spot volume reaching $187.9 million as SpaceX-linked products, xStocks and Backpack Securities turned public-equity exposure into one of the chain’s fastest-moving RWA trades. The record follows several days of heavy activity around tokenized SpaceX exposure. Backpack Securities’ SPCX and Sunrise-linked products helped drive the surge, with SpaceX-related tokenized shares taking more than half of the reported daily volume. The latest move pushed Solana to roughly 96% of onchain tokenized equity trading in recent tracker snapshots, leaving competing chains with only a small share of the day’s activity.