Solana Takes More Than 96% of Tokenized Stock Trading in Second Quarter With $4.84 Billion Volume
Summary
- Solana-based tokenized stocks recorded $4.84 billion in second-quarter trading volume, accounting for more than 96% of the overall market.
- Revenue from applications in the Solana ecosystem reached $257 million in the second quarter, keeping the network among the top public blockchains for a ninth straight quarter.
- Rising on-chain trading and decentralized application revenue point to broader usage, but higher on-chain activity does not necessarily mean a token price increase, and actual capital inflows and the sustainability of trading still need to be verified.
Forecast Trend Report by Period
Solana posted strong growth in tokenized stock trading and on-chain activity in the second quarter.
Crypto media outlet Odaily reported on July 3 that SolanaFloor said Solana’s key on-chain metrics for the second quarter of 2026 reached record highs.
Solana-based tokenized stock trading volume totaled $4.84 billion in the second quarter, according to SolanaFloor data. That represented more than 96% of the overall tokenized stock market.
Tokenized stocks are blockchain-based products that mirror the price movements of real-world equities. Users can access stock-like assets through on-chain wallets instead of traditional brokerage accounts.
Perpetual futures trading was also active. Perpetual futures are contracts without an expiration date and are widely used for leveraged trading in crypto markets. The increase appears to reflect growing activity on Solana-based decentralized exchanges and derivatives applications.
Applications in the Solana ecosystem generated a combined $257 million in revenue in the second quarter. Odaily said Solana has remained among the leading public blockchains for nine consecutive quarters.
On-chain transaction activity also increased. Rising tokenized stock spot trading, perpetual futures activity and decentralized application revenue suggest broader usage across the Solana ecosystem.
The network’s decentralization profile also changed. The Solana Foundation’s share of delegated staking fell to 4.92%. Delegated staking allows a foundation or users to assign tokens to validators to participate in network validation.
A lower foundation delegation share suggests the Solana Foundation’s direct influence over the validator network is waning.
The data indicates Solana is expanding its utility in tokenized assets, derivatives trading and decentralized application revenue. Still, higher on-chain activity does not automatically translate into token price gains, and actual capital inflows and the durability of trading activity still need to be confirmed.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.