Altcoins News

Story: Solana Hits $5.77 Billion Tokenized Volume as Raydium Captures 95% Market Share

By Julie Binoche

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Raydium Runs the Show. Raydium was the engine behind most of it. The protocol's liquidity pools handled the majority of…

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97% of On-Chain Equity Volume Sits Here. Solana now holds a 97% share of cumulative on-chain tokenized equity trading volume.

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What Raydium Does Next. Raydium isn't sitting on the Q2 numbers. The protocol plans to expand its LaunchLab distribution…

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Solana just put up numbers that are hard to ignore. The network closed Q2 2026 with a record $5.

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Data analyst Sam Schubert confirmed the figure. To put the jump in perspective: that's not incremental growth. That's a network basically rewriting its own story in six months.

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Raydium was the engine behind most of it. The protocol's liquidity pools handled the majority of xStocks trading during Q2, and the numbers from June alone make the case pretty…

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June as a whole crossed $2 billion in tokenized stock volume. That's the highest monthly total ever recorded on any blockchain — not just Solana, any blockchain.

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That kind of trajectory is hard to manufacture. It probably says something real about where institutional appetite is pointing.

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Solana now holds a 97% share of cumulative on-chain tokenized equity trading volume. That's not a recent spike — it's been building for over a year.

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BlackRock and Ondo both have significant tokenized yield exposure on the network. BlackRock deployed a $255 million institutional liquidity fund on Solana.

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Read also: Solana Jumps on Memecoin and Prediction Market Surge Across Its 400M-Account Network

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In May 2026, the network reported over $2.8 billion in total RWA value on-chain, alongside $1.2 billion in RWA lending deposits.

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Raydium isn't sitting on the Q2 numbers. The protocol plans to expand its LaunchLab distribution channels and lean harder into concentrated liquidity market maker strategies —…

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There's a regulatory wildcard in the mix too. The U.S. CLARITY Act, if it passes, could expand the addressable market for tokenized stocks significantly.

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See also: Bitcoin Climbs Above $63,000 While XRP Jumps 5% on Thin Holiday Volume

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