Daily trading volume for tokenized stocks on the Solana blockchain reached $657 million on November 5, 2026, marking a significant milestone for on-chain equity exposure.
Backpack Securities powered the overwhelming majority of activity, accounting for 91% of reported trading volume. The remaining 9% was spread across other participants, according to the data cited in the report.
The milestone underscores growing demand for tokenized real-world assets and Solana’s ability to host high-throughput trading. However, the heavy concentration in a single securities platform raises questions about how broadly retail and institutional adoption has actually spread beyond Backpack’s user base.
Market observers note that while volume is impressive, sustainable growth may require more diverse liquidity sources and additional licensed brokerages to reduce concentration risk.
