Backpack has announced that its SPCX token, issued by Backpack Securities and traded on the Solana blockchain, achieved a trading volume of $439 million within a week of the SpaceX IPO. This figure represents 91.7% of the total tokenized SpaceX trading volume. The liquidity for SPCX reached $9.8 million, accounting for 87.5% of the tokenized SpaceX liquidity.
In a broader context, Solana set a new record for tokenized stock trading volume, reaching $1.04 billion. This milestone positions Solana as the leading network, capturing 70.6% of the total trading volume across all networks.
Backpack's SPCX Dominates Solana with $439M Weekly Trading Volume
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