Solana Accounts for 95% of Tokenized Stock Trading Volume as Part of Massive Shift to DeFi

The recent launch of Backed Finance’s xStocks platform has allowed Solana to quickly take the lead in stock market tokenization.

The launch of Backed Finance’s xStocks has furthered Solana’s dominance in tokenized stock trading.

Since the launch of xStocks on June 30, Solana has accounted for over 95% of all tokenized stock trading volume. There are currently 60 tokenized assets available on the xStocks platform, including 55 stocks and 5 ETFs.