Tokenized stock trading on Solana crossed $10 billion in cumulative volume for the first time in June 2026. All-chain monthly volume exceeded $6 billion, a 70% jump from May and the highest monthly total on record, Benzinga reported June 24.
Solana held 66% of June's all-chain total, with BNB Chain and Ethereum in second and third place. Solana's own monthly figure rose 180% over May, outpacing the broader market's 70% gain. The total tokenized stock market cap stood at $1.54 billion as of June 24.
SpaceX's June 12 IPO was the proximate catalyst. Shares priced at $135 each, raising roughly $75 billion at a $1.75 trillion valuation; the stock gained 27% on its first trading day, according to CoinGape. Demand for on-chain exposure concentrated on Solana, where three issuers provide tokenized SpaceX shares: Backpack Securities (SPCX), xStocks (SPCXx), and Pre-Stocks (SPACEX). In the 24 hours following the IPO surge, Backpack logged $37.8 million in SpaceX token volume, xStocks added $6.75 million, and Pre-Stocks contributed $2.66 million.
Jupiter's on-chain stock aggregator tracked 421 tokens, $77.7 million in 24-hour total volume, and 16,369 active traders across Solana's equity token market. Monthly active addresses in the segment rose nearly 30% month-over-month; token holders climbed 37%.
The numbers reflect demand for traditional equity access on public blockchains: investors trading US stocks around the clock, outside regular exchange hours. Solana's dominance reflects its low fees and deep DEX liquidity. The base remains narrow: Ondo Finance, xStocks, and Sunrise account for the bulk of issuance, and the $10 billion milestone rests on a handful of platforms rather than a distributed market.
