Tokenized stocks hit $1B on Solana and Robinhood Chain over Labor Day
Solana (SOL)
Editor:
Eugene Serbin
cryptobriefing.com reports that while traditional markets rested for Labor Day, tokenized equity trading generated $1.01 billion in volume over the weekend. This figure nearly matched Friday’s $1.02 billion, demonstrating that onchain equity trading continued despite the New York Stock Exchange closing. Robinhood Chain emerged as the dominant platform, processing $572.8 million in trades and capturing over 57% of total activity.
Grayscale research from early September 2026 identifies Robinhood Chain, Binance’s BNB Chain, and Solana as leading networks for this asset class. On BNB Chain, the bStocks platform saw the QQQB fund generate $180.5 million, contributing to a cumulative volume exceeding $5.2 billion. Base, Coinbase’s Layer 2 network, recorded $100 million in single-day DEX volume for tokenized stocks, with $730.9 million in cumulative volume over the preceding 30 days.
These tokens trade on decentralized exchanges around the clock, seven days a week, unlike the roughly 32.5 hours of traditional market exposure. Prices for these tokens track previous closes but move based on sentiment and breaking news. Weekly spot volumes for tokenized stocks approached $3 billion in the week leading up to the holiday. Robinhood Chain’s near-60% market share gives it a distinct lead, while Base’s rapid growth highlights the shifting landscape.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 13 September 2026. Not the outlet's figures.
Whalio data for SOL shows a price of $101.76 with a 24-hour buy ratio of 51.2%, indicating balanced activity over the full day. However, shorter timeframes reveal weakening momentum, with the 1-hour buy ratio dropping to 30.6% and the 4-hour ratio at 40.1%. This decline suggests that buying pressure is fading in the immediate term compared to the daily average. The 24-hour volume delta is positive at $2,793,724, showing net inflows over the day, but the 1-hour delta is negative at -$4,417,660. This indicates that recent selling has outpaced buying in the last hour, despite the overall daily positive flow. The cumulative volume delta (CVD) for the 24-hour close sits at -$3,973,941, reflecting that net selling pressure has accumulated over the period.
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, SOL averaged a 49.4% buy ratio, with the latest day showing a slight increase of 1.8 percentage points. Volume during this period was 0.48 times the average, indicating significantly lower trading activity than usual. The coin experienced a price change of -1.4% over eight days, with a total volume delta of -$9,780,436. Compared to the 24-hour buy ratio of 51.2%, the weekly average of 49.4% shows a slightly more balanced but generally lower buying interest. This represents an ordinary day in terms of buy ratio distribution, though volume remains subdued relative to the weekly norm.