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Solana News: Solana wrapped up Q2 2026 with a record $5.77 billion in tokenized asset spot volume, according to data cited by analyst Sam Schubert on July 1—more than seven times the $775 million recorded in the second half of 2025.

The milestone reinforces Solana’s role as the leading settlement layer for on-chain equities and signals a structural shift in how institutional capital is flowing into tokenized markets.

Raydium Anchors the Surge

Raydium dominated tokenized equities trading on Solana during the quarter, with its concentrated liquidity pools supporting most xStocks pairs. Notably, the platform added its last $1 billion in cumulative volume in just one month, highlighting the pace of adoption.

Activity accelerated sharply in June. During the week of June 15–21, Solana processed $1.298 billion out of $1.324 billion in global tokenized stock volume—a 95% share. On June 24, daily volume hit a record $644 million, with tokenized equities surpassing memecoins in spot trading for the first time.

June alone contributed more than $2 billion in volume, the highest monthly total ever recorded on any blockchain. The final week of the quarter pushed activity to a new weekly high of $1.42 billion.

Structural Dominance in Tokenized Equities

Solana Foundation data shows Solana holds 97% of cumulative on-chain tokenized equity spot volume, maintaining that lead for over 54 consecutive weeks.

This dominance is underpinned by fast transaction finality and low fees, which have concentrated liquidity on Solana over competing networks.

The broader real-world asset (RWA) ecosystem reflects similar strength, with more than $2.8 billion in tokenized assets and $1.2 billion in lending deposits on-chain. Institutional adoption continues to build, including BlackRock launching a $255 million liquidity fund and Ondo Finance holding $176 million in tokenized yield exposure on the network.

Momentum Concentrates Further

Cross-chain tokenized equity trading reached $5.3 billion in May 2026, up 44% from April, with Solana accounting for the overwhelming majority of activity. Competing chains have yet to materially close the gap.

New tokenized instruments such as SPYx, QQQx, and NVDAx are expected to deepen liquidity further, reinforcing the trend toward consolidation on Solana.

Focus Shifts to Monetization

Raydium’s next phase centers on converting volume dominance into sustainable revenue through deeper liquidity and broader distribution.

Meanwhile, Bitwise Asset Management has suggested that potential U.S. regulatory clarity could accelerate tokenization adoption and further benefit Solana.

Solana’s Q2 results highlight a clear inflection point: tokenized assets are scaling rapidly, and Solana is emerging as the primary infrastructure layer driving that growth.