Solana Surpasses Ethereum in Tokenized Stock Volumes with $807M Market Share

Sean Williams
Solana Coins

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  • Solana captured 60% of tokenized stock volumes, surpassing Ethereum.
  • Daily active users surged to 2.5M, far outpacing Ethereum’s growth.
  • Despite bearish price action, Solana’s fundamentals remain strong.

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Solana [SOL] has pulled off a major milestone, surpassing Ethereum [ETH] in tokenized stock trading volumes. The network processed more than $807 million worth of tokenized stocks in September, giving it a commanding 60% share of the $1.3 billion market. For a sector long dominated by Ethereum, this marks a shift in market leadership.

Solana Commands Market Majority

According to on-chain data, Solana captured the largest share of tokenized stock transfers, leaving competitors far behind. Gnosis [GNO] ranked second with $307 million, while Ethereum trailed at $127 million. Other blockchains like Avalanche [AVAX], Arbitrum [ARB], and Polygon [MATIC] barely registered by comparison.

This change highlights Solana’s growing relevance in real-world asset tokenization, a field that many analysts see as a key driver of blockchain adoption in the coming years.

User Growth Gives Solana the Edge

One reason behind Solana’s surge is its rapid user expansion. Daily active addresses recently exceeded 2.5 million—well above Ethereum’s 747,000. Solana also added 1.3 million new addresses during the same period, reflecting strong organic growth.

Both Solana and Ethereum continue to show steady development activity, but Solana’s higher engagement suggests users are increasingly favoring its ecosystem for faster, cheaper transactions.

Short-Term Price Pressure

Despite the strong fundamentals, Solana’s price has faced headwinds. SOL fell to $192, slipping below the mid-Bollinger Band with the RSI at 35, signaling oversold conditions. This suggests recent sell-offs may be tied to profit-taking after its strong September rally.

Source: TradingView

While the near-term chart looks weak, the underlying network momentum remains solid. If buying interest returns near current support levels, Solana could stage a rebound.

Solana’s dominance in tokenized stocks marks a turning point in the competition with Ethereum. With stronger user growth and expanding market share, the blockchain has positioned itself as a leading hub for tokenized assets. The short-term price dip may challenge traders, but Solana’s fundamentals suggest its long-term outlook remains bullish.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: Solana Price Crashes 19% — Will October’s ETF Ruling Spark a Major Rebound?

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