Tokenized equities hit record $3.4B in June volume, up 279% MoM and 1,400% YoY, with Solana capturing 90% of the market and Jupiter driving significant off-hours trading.
Tech & Launches ·
Tokenized equities reached $3.4 billion in trading volume during June, representing a 279% month-over-month increase and a 1,400% year-over-year surge. The growth was fueled by heightened demand for continuous trading and activity around SpaceX's record initial public offering. The Solana network now commands more than 90% of volume in these assets, with Jupiter—described as the largest onchain platform—contributing significantly through a 56% month-over-month gain in its own volume.
A notable characteristic of the market's expansion is its timing: roughly 60% of tokenized equity trading occurs outside standard market hours and on weekends, highlighting how the 24/7 nature of blockchain-based trading attracts participants seeking access beyond traditional financial windows. This pattern suggests structural shifts in how trading volume is distributed across the week.
It remains unclear whether this growth trajectory will sustain, how regulatory environments across different jurisdictions may respond to tokenized equities scaling, or whether concentration on Solana and through Jupiter presents structural risks or opportunities for further consolidation.