Solana Just Tokenized Its Way Past 7× Its 2025 H2 Total in One Quarter 📈

Solana closed Q2 2026 with $5.77 billion in tokenized asset spot volume, a quarterly all-time high, according to data analyst Sam Schubert, who confirmed the figure on July 1. The total exceeds the $775 million generated across the second half of 2025 by more than seven times and cements Solana's position as the dominant settlement layer for on-chain equities. Solana ($SOL) traded at $80.23, up 10.21% over 24 hours at the time of reporting.

Raydium emerged as the primary venue for tokenized equities throughout the quarter, describing itself in a July 1 announcement as "the #1 venue for tokenized asset spot volume on Solana." The protocol's concentrated liquidity pools host the majority of xStocks trading pairs, and the final $1 billion in Raydium's cumulative tokenized equity volume was added in a single month, a pace that directly shaped the quarter's headline figure.

The quarter's heaviest activity was concentrated in June. During the week of June 15–21, Solana processed $1.298 billion out of $1.324 billion in global weekly tokenized stock volume, a 95% share. On June 24, daily tokenized equities trading hit a $644 million record, surpassing memecoins as a share of Solana spot volume for the first time.

The figures mark a structural shift in how institutional capital is moving on-chain through tokenization, with Solana now processing the overwhelming majority of tokenized equity activity.