Solana dominiert den Handel mit tokenisierten Aktien: 10 Milliarden Dollar Volumen und 95 % Marktanteil – wie die Blockchain den Aktienmarkt aufrollt

What Happened: The Records

The milestones span daily, weekly, monthly, and cumulative timeframes:

• Daily volume ATH: June 21 saw $644 million in tokenized stock volume, with another record of $553 million on June 24 .
• Weekly record (June 15–21): Solana processed $1.298 billion in tokenized equity volume — representing 95% of the $1.324 billion global cross-chain total .
• Cumulative milestone: Tokenized stock transfer volume on Solana crossed $10 billion on June 23 .
• H1 2026 total: Solana's tokenized stock volume reached $4.9 billion in the first half of 2026, a sixfold increase from $775 million in H2 2025 .
• Market cap: The on-chain equities market cap on Solana reached $539 million by June .

Broader growth across all chains is also remarkable. Monthly tokenized stock trading volume hit $5.3 billion in May 2026, up 44% month-over-month . June 2026 volume has already exceeded $6 billion . Tokenized public equities grew 422% from early 2025 to June 2026, the fastest-growing segment in the $32–37 billion on-chain RWA market .

Why Solana Captured Over 95% of the Market

Analysts point to a consistent set of structural advantages:

• Ultra-low fees: Transaction costs around $0.0002 per trade make high-frequency tokenized stock trading economical, whereas Ethereum and other L1s price retail out .
• Sub-second finality (~400ms): Enables real-time 24/7 trading and settlement, which traditional equities cannot offer .
• High throughput (~50,000 TPS): Solana handles the order-book depth and tick volume tokenized equities need at scale .
• Ondo Global Markets' residency: Ondo, the dominant tokenized-equity issuer, runs on Solana and accounts for the bulk of volume. Its first-mover choice locked in liquidity and user habit . Ondo's platform has processed $5.5 billion in cumulative on-chain volume across 2.8 million trades .
• Retail-friendly UX: Low barrier to entry means retail traders who previously traded meme coins on Solana can now trade tokenized Apple, Tesla, and NVIDIA in the same wallet .
• Network effects & stablecoin inflows: $2 billion in new stablecoin inflows in late 2025 deepened Solana's liquidity moat .

Solana has led all chains in tokenized stock volume for 50 consecutive weeks , capturing roughly 97% of cumulative spot trading volume as of May 2026 ($869M on Solana vs. ~$24M on all other chains combined) .

SOL Price and the Utility-Valuation Gap

Despite dominating the tokenized equity market, SOL's price is languishing well off its highs amid a broad crypto selloff :

Analysts describe this as a divergence between on-chain utility and token price. As one report noted, "the token trades near $84 [in May] — a divergence that says more about how the market still prices Solana than about where its RWA infrastructure has gone" . Multiple exchanges and commentators have noted growing "bottom calls" for SOL even as its utility use case expands .

Key Takeaway

Solana has won the tokenized-equity trading venue outright — ~95–97% market share — driven by mechanical advantages (low fees, fast settlement, high throughput) and Ondo's platform choice. The category itself is the fastest-growing RWA segment (+422% in 18 months). Yet SOL's price remains depressed amid the broader crypto selloff, creating an unusual gap between on-chain utility and token valuation that market observers are actively debating.