As trading activity grows to rival major venues, Solana’s tokenized equity markets are starting to attract attention.
In light of this, tokenized stocks on Solana [SOL] generated more than $200 million in volume. Surprisingly, these volumes exceed those associated with tokenized equities listed at both NASDAQ and NYSE, in excess of $100 million.
Notably, Raydium [RAY] captured about 70% of that activity, as such, representing the primary source of liquidity behind the growth. The comparison is narrower than it first appears. This is because it covers tokenized equities rather than the full stock market.
However, even with such a narrow scope, the size of the increase reflects the rapid pace of the emergence of on-chain stock trading. As more tokenized equities gain liquidity, Solana could become increasingly important for this emerging market.
Solana expands its tokenized-equity market
Against that backdrop, Solana’s tokenized-equity market is also expanding rapidly. As a result, this expansion gives traders a growing pool of assets to trade. Tokenized-equity supply reached a record $684 million last week, marking a 47% increase in just three weeks.
Increased amounts of capital are being represented through tokenized equities and ETFs as well. The expansion also comes from several issuers rather than one platform. xStocks, Ondo, Backpack Securities, Sunrise, Superstate, and Securitize have all launched stock products on Solana.
In total, these platforms offer over 100 different types of tokenized equities and ETFs, widening the market beyond a handful of assets.
This may create conditions that will allow for increased trading volume. However, there still needs to be substantial increases in trading volumes relative to new supply coming into the market.
SOL tests the $102.50 barrier
Meanwhile, Solana continues trading in a wide consolidation after its sharp August rally. The current price is currently near the midpoint of this trading range at approximately $101.48.
SOL trades near $101.48 after recovering from the $97.50 area, where buyers recently stepped in. That lower boundary (purple line) provided support at each of the previous two rallies, hence remaining the key support beneath price.
This lower boundary, shown by the purple line, has repeatedly protected the range and remains the key support beneath the price. Above it is a key resistance at $102.50 (orange line) that has acted as the main pivot, rejecting several advances since late August.
A sustained break above it would signal that buyers are finally overcoming repeated resistance and could expose the upper $107.50 level, marked by the purple line, followed by $110.68.
Meanwhile, the teal zone around $74–$78 shows the base that preceded August’s rally. RSI at 49.46 suggests momentum has reset, leaving SOL positioned for a decisive move.
Final Summary
- Solana expands tokenized equities as volume tops $200 million and supply hits $684 million.
- SOL is testing $102.50 after recovering from $97.50 and needs to break higher to extend its rally.
