Tokenized SpaceX stock SPCX drove over half the volume, surpassing $105 million in trading on Solana.
Tokenized equities on Solana reached a 24-hour spot volume record of $187.9 million, led by strong trading activity in tokenized assets. The surge was driven primarily by SPCX, a tokenized version of SpaceX stock, which accounted for more than $105 million of the total volume.
This marks the first time tokenized equities on Solana have surpassed this threshold, reflecting growing investor interest in blockchain-based equity trading. SPCX, offered by Backpack and Sunrise, became the highest-volume token on the network during the period.
No immediate market reaction data was provided, but the milestone highlights expanding adoption of tokenized assets on high-speed blockchains.