Tokenized equity trading on spot decentralized exchanges (DEXs) reached an all-time daily high of over $565 million on June 24, 2026, with Solana capturing 97.8% of the volume. Data from Blockworks and Cointelegraph confirmed that Solana alone settled $553.3 million in tokenized stock trades, while other chains like BNB Chain ($7.0M), Base ($5.2M), and Ethereum ($94,000) lagged far behind.
The surge was driven by two clear catalysts: the SpaceX (SPCX) IPO on June 12 and the launch of a token tracking Micron (MU) ahead of its June 24 earnings report. These events attracted traders seeking round-the-clock exposure that traditional markets cannot offer outside official hours. Solana’s low fees and fast settlement speeds made its DEX layer the preferred venue, especially for short-term trades around these events.
The broader tokenized equity market now stands at $1.49 billion, with the top 10 assets accounting for 60% of the total. This concentration means that a few new listings can significantly swing volume metrics, though such skew is typical for an early-stage market. The record highlights growing interest in on-chain equities but raises questions about whether volume can hold between major catalysts. No major IPOs or earnings prints are scheduled for every week, and sustained demand on quieter days would be a stronger signal of long-term adoption.
