Solana Tokenized Stocks Hit Record $684M
Solana (SOL)
Editor:
Eugene Serbin
news.bitcoin.com reports that tokenized equities on Solana have reached an all-time high of approximately $684 million. This milestone is accompanied by real-world asset inflows of roughly $348 million to $354 million over the past 30 days. The network also recorded a one-year high for decentralized exchange transactions, with activity nearly doubling compared to a year earlier.
A notable driver of this growth was the launch of tokenized Grindr shares, which generated about $31 million in volume in less than 24 hours. This volume was nearly double the $16.6 million traded in the underlying stock on the New York Stock Exchange the previous day. Backpack founder Armani Ferrante described the development as “the craziest thing happening in finance right now.” He questioned whether this marked the first time tokenized stock volume had surpassed trading in the corresponding traditional equity.
The Solana platform also generated about $9 million in revenue and distributed roughly $30 million in rewards within just 50 days. Its native STONK token reached a market capitalization near $250 million to $251 million while burning 14.4% of its supply. Daily DEX volume has topped $321 million, indicating that tokenized assets are generating meaningful secondary-market liquidity.
The network highlighted this shift by posting, “What a time to be alive. Stocks on Solana.”
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 12 September 2026. Not the outlet's figures.
Solana is currently trading at $102.46 with a 24-hour buy ratio of 50.6%, indicating a balanced but slightly bullish sentiment. The 1-hour buy ratio stands at 54.5%, suggesting that short-term buying pressure is stronger than the broader 24-hour average. Conversely, the 4-hour buy ratio is 49.8%, showing that medium-term momentum is slightly more balanced than the immediate short-term flow. Volume delta data reveals a net inflow of +$270,255 in the last hour, contrasting with a net outflow of -$95,517 over the past four hours. This indicates that recent buying activity is outpacing selling in the immediate term, despite a slight pullback over the four-hour window. The cumulative volume delta over 24 hours is +$3,727,941, confirming that buyers have been in control for the majority of the day.
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 49.3%, making today's 24-hour ratio of 50.6% slightly higher by 1.2 percentage points. Trading volume has also increased significantly, reaching 1.51 times the weekly average. This elevated activity contrasts with the broader weekly trend, where net buying occurred on only 3 of the past 7 days. Despite the volume surge, the price change over the 8-day period was a modest +0.5%. The total volume delta for the week was -$11,959,593, indicating that despite today's activity, net selling pressure has dominated the recent weekly trend.