Solana becomes second-largest chain for tokenized stocks

Key Takeaways

• Solana is now the second-largest blockchain for tokenized stock trading.
• Platforms like BackedFi enable 24/7 trading of tokenized US equities on Solana.

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Solana has become the second-largest blockchain for tokenized stock trading, driven by growing adoption of equity perpetual contracts for major tech companies.

The network now supports 24/7 trading access for tokenized US equities through platforms like BackedFi, a platform specializing in tokenizing traditional equities for blockchain integration. These on-chain products allow crypto-based trading of stock exposure outside traditional market hours.

Solana has attracted significant trading volume in tokenized stocks, with activity continuing even during broader market downturns. The blockchain’s high-speed transaction capabilities have made it a preferred platform for perpetual contracts on major equities.