Markets· ★★★· bullish·

Backpack captures 73% of Solana tokenized stock market with $193 million weekly volume

  • —Backpack's weekly DEX volume in tokenized stocks was $193.3 million
  • —Backpack's share of tokenized stock issuer volume is 73% with 5% of supply
  • —The SPCX token on SpaceX shares accounted for 87% of SpaceX tokenized stock volume on Solana — $935 million in Q2
  • —Backpack's cumulative on-chain tokenized stock volume since June 12 has exceeded $734 million
Why it matters: Liquidity and execution quality, not supply volume, determine leadership in tokenized stocks — this is changing competition in the RWA market.
#SOL
Source: Crypto Briefing
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