Solana DEXs process 208 million trades in a week, surpassing NYSE
- —208 million trades in a week on Solana DEXs versus the NYSE and ~88% of Nasdaq
- —On September 12, tokenized stock volume on Solana topped $200 million in a day
- —Tokenized stock supply grew 47% in three weeks to $684 million
- —63% of tokenized stock trading occurred outside US market hours
Why it matters: The growth in trade counts and tokenized stocks on Solana intensifies competition with traditional exchanges, though the metric includes bots and small swaps.
Source: Crypto Briefing