SPYx Demonstrates Composability for Tokenized ETFs on Solana
- —Solana DEX volume hit $383 million over 30 days
- —Raydium processed 87% of that volume
- —Fluid Jupiter Lend drew $9 million in deposits, Kamino $6.7 million
- —The network has 85,000 wallets and a $48.1 million market cap
Why it matters: Growth in tokenized ETFs on Solana intensifies competition with Ethereum for institutional demand in tokenized assets.
Source: Cryptonews.net