Solana recorded about $5.8 billion in tokenized stock spot DEX trading volume in the second quarter of 2026, up 114% from the previous quarter, according to Techub, citing CryptoBriefing. The figure marked a record high for the category. Backed Finance’s xStocks suite was identified as the main driver of the increase, offering tokenized assets pegged 1:1 to U.S. stocks and ETFs. Raydium emerged as the leading venue for trading these assets, with cumulative volume surpassing $3 billion as of June 27. During the second quarter, Solana accounted for roughly 95% to 97% of global tokenized stock DEX trading volume. The report also noted a shift after the quarter ended: Robinhood Chain began to overtake Solana in daily trading volume in late July. The data points to Solana’s dominance in tokenized equity trading on decentralized exchanges during Q2, while also showing that competition picked up heading into the third quarter.
Solana recorded about $5.8 billion in tokenized stock spot DEX trading volume in the second quarter of 2026, a 114% increase from the prior quarter and a record high for the segment, according to Techub, citing CryptoBriefing.
The report said the main growth catalyst was Backed Finance’s xStocks product suite, which offers tokenized assets pegged 1:1 to U.S. stocks and ETFs. Raydium became the leading trading venue for these assets, with cumulative volume topping $3 billion as of June 27.
Solana accounted for roughly 95% to 97% of global tokenized stock DEX trading volume in Q2. Robinhood Chain, however, began to surpass Solana in daily trading volume in late July.
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