Solana tokenized equity share falls to 30% as rivals surge
Solana (SOL)
Editor:
Eugene Serbin
cryptobriefing.com reports that Solana’s dominance in on-chain tokenized equity trading collapsed from 71% to 30% over a two-week period ending around August 27, 2026. This decline was driven by liquidity moving to EVM-compatible chains, specifically BNB Chain and Robinhood Chain, which introduced hybrid trading mechanics. These rival chains paired memecoins with tokenized real-world assets, such as the $牛来 pair on BNB Chain reaching a $77 million market cap and the $AI pair on Robinhood Chain hitting $67 million.
Unlike Solana’s xStocks protocol, which lists tokenized stocks directly, these new designs force users to bridge assets to the host chain, inflating transaction volumes and attracting more traders. During the second quarter of 2026, particularly during June’s SpaceX-related activity, Solana had captured between 95% and 97% of all on-chain tokenized equity spot trading volume. The network has processed over $9.5 billion in cumulative tokenized stock volume since the xStocks protocol launched in July 2025.
It currently supports 288,000 unique holders and has generated $56 million in equity-backed lending pools as of late August 2026. The shift marks a stark contrast to Solana’s earlier near-total control of this specific market segment. Speculative capital has moved away from Solana at a remarkable clip to chase these new hybrid opportunities. The drop to less than a third share highlights the competitive pressure from chains offering bundled memecoin and equity trading.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 8 September 2026. Not the outlet's figures.
Solana is trading at $103.80 with a 24-hour buy ratio of 48.3%, indicating a slight imbalance toward sellers over the full day. The 1-hour buy ratio is higher at 50.3%, suggesting a brief resurgence of buying interest, while the 4-hour ratio sits lower at 46.5%, showing fading momentum in the immediate past. The 24-hour volume delta is negative at -$7,883,754, meaning more volume was sold than bought over the last day. In contrast, the 1-hour volume delta is positive at +$52,061, indicating that recent trades have been net buyers. The cumulative volume delta (CVD) for the 24-hour close is -$7,936,020, confirming that selling pressure has outweighed buying pressure throughout the day. This suggests that while there is short-term buying, the broader daily trend remains bearish.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.9%, which is 2.6 percentage points higher than the latest day’s reading, indicating a shift toward selling pressure. The 24-hour spot volume of $230,153,060 is 0.98 times the weekly average, showing that trading activity is slightly below normal levels. Net buying occurred on 5 of the last 7 days, but the recent 24-hour data shows a divergence from that weekly trend. The price has only changed by +0.7% over the last 8 days, reflecting low volatility despite the volume delta swings. This represents an ordinary day for the coin, with volume and buy ratios staying close to their weekly averages, though the recent 24-hour sell-off is a notable deviation from the prior week's net buying days.