Solana hits $657 million in tokenized stock trading, SOL price eyes key support

Solana achieved a new milestone in tokenized stock trading activity, with daily trading volume reaching $657 million on Monday. This significant surge, the highest since September, highlights rising demand for blockchain-based representations of traditional financial assets on the Solana network. Out of the total trading volume, Backpack Securities contributed approximately $598 million, accounting for nearly 91% of all transactions. This development demonstrates the increasing importance of financial platforms utilizing Solana’s infrastructure to bridge traditional equities with decentralized technology.

Also reported by TronWeekly.

Source: CoinTurk News