Backpack has officially launched the $DRAM tokenized ETF on Solana, marking a significant step forward for tokenized equities. The launch, amplified by Solana’s official channels, brings traditional stock exposure on-chain via the high-performance Layer1 network. In just 24 hours, Backpack accounted for over 70% of total tokenized stocks trading volume on Solana, underscoring its pivotal role as both a regulated brokerage and token-issuance service.
The $DRAM ETF, issued by Roundhill Investments, leverages Solana’s Proof-of-History and Proof-of-Stake consensus to process up to 65,000 transactions per second with minimal fees. Integration of the Sunrise protocol ensures instant liquidity and seamless tradability for the new token, enabling immediate market participation. This milestone reflects growing institutional and retail appetite for blockchain-based financial products, with Solana’s infrastructure proving capable of handling complex, high-demand instruments.
The surge in trading activity positions Backpack as the dominant gateway for tokenized stocks on Solana, potentially setting a precedent for future ETF tokenizations. Analysts note that broader market conditions and regulatory outlooks could influence $DRAM’s performance, but its early success signals a strong start for tokenized equities on the network.
