The number of addresses holding tokenized stocks on the Solana network grew by 88% in the first two weeks of September. According to Blockworks, by September 12, the figure reached 801,439 addresses compared to 424,894 at the beginning of the month. Nearly 400,000 new addresses appeared in just a few weeks, whereas it took more than a year to surpass the 300,000 mark. The volume of tokenized stocks also set a record, reaching $684 million, an increase of approximately 47% over three weeks. However, the number of addresses cannot be directly equated to the number of investors: one person can use multiple wallets, and some of them appear automatically in the process of trading and fee distribution.
One of the factors for the sharp growth was the activity of launch platforms. On September 9, Pump fun launched custom trading pairs, where the value of new tokens can be pegged to tokenized stocks instead of SOL. Fees for such operations are also paid in stock tokens. A similar model is used by the StockFun platform. As a result, a user can purchase a memecoin, and the transaction fee will be received in the form of tokenized stocks, such as Nvidia or the S&P 500 index. Such a wallet, after receiving the asset, is automatically counted among the holders. Thus, the growth in the number of addresses does not necessarily indicate a direct increase in demand for stocks from traditional investors: some new wallets appear as a byproduct of trading infrastructure and fee distribution.
At the same time, projects directly related to the issuance of tokenized stocks continued. On September 8, Nike launched its own issuance of such assets, and on September 3, Galaxy Digital provided its shareholders with the opportunity to tokenize stocks on the Solana network. The latter case differs from the activity of launch platforms, as tokenization occurs with the participation of the issuer itself. As a result, the current statistics combine several different streams: real operations with tokenized stocks, speculative activity, and automatic receipt of tokens as fees. Therefore, the figure of 801,439 addresses primarily reflects the scale of the spread of such assets in the blockchain, rather than the exact number of people owning them.
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