The tokenized stock market on Solana continues to grow: trading volumes have reached over $200 million, while the supply stands at $684 million. Notably, these volumes surpass those of tokenized stocks listed on NASDAQ and NYSE, which collectively exceed $100 million. The comparison is narrower than it seems: it pertains only to tokenized securities, not the entire stock market. However, even within these confines, the scale of growth reflects the rapid pace of on-chain stock trading development.
Over the past three weeks, the supply of tokenized stocks has increased by 47%, highlighting the active growth of the market. The primary source of liquidity has been the Raydium project, which has captured about 70% of trading activity. The expansion is driven by several issuers rather than a single platform: xStocks, Ondo, Backpack Securities, Sunrise, Superstate, and Securitize have launched their products on Solana. Together, these platforms offer over 100 different tokenized stocks and ETFs, making the market more diverse and potentially creating conditions for further volume growth. However, for sustainable scaling, trading still needs to significantly increase relative to the new supply entering the market.
Meanwhile, SOL continues to trade within a broad consolidation range following a sharp rally in August. The current price is around $101.48 after recovering from a level of $97.50, where buyers recently re-emerged. This lower boundary (purple line) has provided support in each of the two previous rallies and remains a key support level beneath the price. Above lies key resistance at $102.50 (orange line) – a major pivot that has rebuffed attempts to rise since late August. A sustained breakout above it would signal that buyers are finally overcoming recurring resistance and could open the way to a level of $107.50 (purple line), and then to $110.68.
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