XStocks is the tokenized stock of choice after reaching $10 billion in total trading volume. Solana is also a major carrier of actively traded RWA tokens.
XStocks has shown continued expansion in trading activity since the launch of the new tokenized stock standard. The XStocks market totaled over $10 billion for the first time due to a combination of influx of activity from Kraken and more recently Hyperliquid.
Most of the trading volume is concentrated in concentrated markets, with the DEX’s cumulative trading volume being around $341 million.
XStocks trading volume continued to grow, driven by activity on the Kraken centralized exchange. |Source: Dune Analytics
As of November, Solana also became the leading hub for tokenized stocks, the smallest and growing asset class in RWA tokenization. That’s all 90% 77% of tokenized stocks are minted on Solana, and 77% of transferred volume uses this chain.
XStocks has also been added to BNB Chain, Ethereum, and Arbitrum, providing multiple means of transfer. Nevertheless, Solana remains the preferred network. XStock is moving into DeFi, becoming a new collateral class for minting stablecoins. Recently, Falcon Finance added XStocks as collateral. USDf.
Kamino Lend, Solana’s most widely used lending protocol, has also added XStocks as collateral.
XStocks turns into the top brand for tokenized stocks
The launch of XStocks in July created a high-profile brand of tokenized stocks. Until recently, tokenized stocks were created informally and the market was fragmented.
public capital This is still a minimal addition to general tokenization. However, a unified stock standard could bring more crypto natives into trading, especially with the addition of convenient markets.
XStocks caters to both large traders and retail traders. Most of the trading volume is concentrated in a few assets, with Tesla (TSLA) and Nvidia (NVDA) leading the way. Although XStocks still lags behind RWA secured by Ondo and Securitize, it is one of the few equity-based tokens to be launched globally. european market.
Solana becomes a top 5 network for RWA tokenization
XStocks is becoming the most intuitive type of RWA token, putting Solana in the top 5 RWA tokenization networks. XStocks is still growing and 100 million dollars Total value is locked.
Solana is one of the top 5 networks for RWA tokenization as XStocks has become a widely traded asset class. |Source: RWA.xyz
Solana still lags behind Ethereum, which has benefited from tokenized money markets. Ondo is the most direct competitor, as the Ondo chain also has its own prominent brand of tokenized stocks.
While Solana’s tokenized RWA options are still limited, XStocks’ active trading is groundbreaking given the low trading activity of other tokens. Solana also reported 101,000 holders of tokenized shares, indicating a higher likelihood of mainstream adoption.
