Solana's tokenized stock trading volume has exceeded $800 million, surpassing Ethereum and capturing over 60% of the $1.3 billion market, according to AMBCrypto. This surge is attributed to Solana's increased user activity and its faster, cost-effective transactions. The network also saw the addition of nearly 1.3 million new addresses in late September.
In comparison, Ethereum recorded a trading volume of only $127 million, with other networks like Gnosis, Avalanche, Arbitrum, and Polygon trailing behind. Despite Solana's dominance in trading volume, its short-term price has weakened, with SOL dropping to $192 and showing bearish indicators on technical charts.
Solana Tokenized Stocks Volume Surpasses $800M, Outpaces Ethereum
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