Key Highlights
- Solana’s tokenized stock market passed 727,000 holders, with tokenized equity supply reaching a record high of $684 million.
- Allium data shows 63% of Solana’s tokenized stock trading volume occurs outside traditional Wall Street hours, including 17% on weekends.
- Tokenized Grindr stock (GRND) generated $31 million in its first 24 hours onchain, surpassing Wall Street’s previous daily volume.
- Solana now accounts for 32% of total onchain RWA spot volume and 47% of all RWA trades across analyzed blockchain networks.
Solana’s tokenized stock market is gaining momentum as the number of tokenized-equity holders crosses 727,000, while one newly launched stock token generated more trading volume in its first day than the corresponding stock recorded on Wall Street the previous day.
The development highlights a growing difference between traditional equity markets and blockchain-based stock markets. U.S. exchanges operate within defined trading hours, while tokenized securities on Solana can continue trading outside those conventional sessions.
Recent data from Allium shows that 63% of Solana’s tokenized-equity volume took place while U.S. exchanges were closed, including weekends. Weekend activity alone represented 17% of tokenized-equity volume during the measured period.
Tokenized Equity Holders Surpass 727,000
The latest milestone puts Solana’s tokenized-stock ecosystem at more than 727,000 holders.
That figure matters because it shows that tokenized equities are developing beyond a small group of blockchain traders. More wallets are holding exposure to stocks through onchain infrastructure, creating a broader user base for the emerging asset class.
The growth has also been accompanied by an increase in tokenized-equity supply. Recent Solana ecosystem data places the value of tokenized stocks on the network at approximately $684 million, a new high.
The combination of rising holders, supply and trading activity points toward a market that is becoming increasingly active within the wider Solana real-world asset ecosystem.
GRND Shows What 24/7 Trading Can Look Like
One of the most notable developments highlighted by Solana is the performance of tokenized Grindr stock, GRND.
The tokenized version generated approximately $31 million in its first 24 hours, surpassing the previous day’s trading volume for Grindr’s stock on U.S. markets.
The timing is particularly important.
The tokenized stock became available through Solana’s blockchain infrastructure, allowing trading activity to continue beyond the normal U.S. equity session. That creates a market environment where traders can interact with stock exposure even when traditional exchanges have already closed.
It does not mean the tokenized market has replaced Nasdaq or other traditional venues. Instead, the activity demonstrates that blockchain-based representations of equities can create additional trading windows around existing financial markets.
63% of Volume Happens Outside Wall Street Hours
The broader numbers make the GRND example even more significant.
According to Allium’s analysis covering the 12 months through August 18, tokenized equities represented the largest real-world asset category on Solana by spot trading volume. They generated about $8.2 billion of the network’s $14.7 billion in RWA spot volume during that period.
More importantly, 63% of that tokenized-equity volume occurred while U.S. exchanges were closed.
The figure includes trading before the traditional market opens, activity after the closing bell and transactions during weekends.
That creates a different market structure from conventional equities. Instead of restricting trading to a fixed schedule, blockchain infrastructure allows the market to remain available for much longer periods.
Weekend trading is particularly notable. Allium found that weekends alone accounted for 17% of Solana’s tokenized-equity volume.
Solana Is Becoming a Major RWA Trading Hub
Tokenized equities are part of a much larger real-world asset push on Solana.
Allium’s research found that Solana accounted for approximately 32% of onchain RWA spot volume and 47% of RWA trades across the networks included in its analysis. The network processed roughly $14.7 billion of the $46 billion in measured RWA spot volume.
Tokenized stocks have been a major contributor to that growth.
The ecosystem has also expanded through issuers and trading platforms bringing more stocks and ETFs onto the network. Recent developments include xStocks, Ondo Global Markets and Backpack’s equity venue, giving traders access to a growing selection of tokenized financial products.
Why the Shift Matters
The biggest potential advantage of tokenized equities is not simply putting a stock on a blockchain.
It is changing how and when that asset can be accessed.
A traditional stock exchange can close for the night, weekends and holidays. Onchain markets can remain active during those periods, subject to the specific product’s rules, liquidity and regulatory framework.
That could be particularly relevant for international investors who operate in different time zones.
However, higher trading volume does not automatically mean deeper liquidity or equivalent market quality. Tokenized stocks still depend on issuers, custodians, underlying securities, market makers and regulatory structures.
What Comes Next for Solana’s Stock Market
Solana’s latest figures suggest tokenized equities are moving into a more mature phase.
With holders above 727,000, tokenized-equity supply reaching roughly $684 million, and 63% of trading volume occurring outside U.S. exchange hours, the market is demonstrating demand for an equity infrastructure that operates beyond the traditional Wall Street schedule.
The next question is whether this activity can continue as more companies and ETFs become available onchain.
If adoption keeps expanding, Solana could increasingly function not only as a blockchain for crypto assets, but also as a 24/7 settlement and trading layer for traditional financial markets.
The latest milestones suggest that experiment is already gaining traction.