Solana rides XStocks 2025 surge to top 5 status among tokenized equities platforms
XStocks have gotten the tokenized shares of selection, after reaching $10B in complete buying and selling volumes. Solana can also be the principle service for actively traded RWA tokens.
XStocks has proven ongoing growth in buying and selling exercise for the reason that launch of the brand new tokenized share commonplace. The XStocks market broke above $10B in complete volumes for the primary time, on a mixture of exercise inflows from Kraken and, extra just lately, Hyperliquid.
Many of the buying and selling volumes are targeting centralized markets, with round $341M cumulative volumes on DEXs.
XStocks volumes expanded repeatedly, boosted by exercise on the Kraken centralized change. | Supply: Dune Analytics
As of November, Solana has additionally develop into the principle hub for tokenized equities, the smallest and still-growing asset class in RWA tokenization. Over 90% of tokenized equities are minted on Solana, with 77% of switch volumes utilizing the chain.
XStocks was additionally added to BNB Chain, Ethereum, in addition to Arbitrum, with a number of avenues for transfers. Regardless of this, Solana stays the popular community. XStocks are making their manner into DeFi, turning into a brand new collateral class to mint stablecoins. Lately, Falcon Finance added XStocks as collateral for USDf.
Kamino Lend, Solana’s most generally used lending protocol, has additionally added XStocks as collateral.
XStocks turns into the main model for tokenized equities
The launch of XStocks in July created a high-profile model for tokenized equities. Till just lately, tokenized shares have been informally created, and the markets have been fragmented.
Public fairness continues to be the smallest addition to normal tokenization. Nevertheless, a unified inventory commonplace might deliver extra crypto natives to buying and selling, particularly with the addition of handy markets.
XStocks caters to a mixture of large-scale merchants and retail. Many of the volumes are targeting a handful of property, with Tesla (TSLA) and Nvidia (NVDA) on the high. XStocks nonetheless lag behind the RWA secured by Ondo and Securitize, however are one of many few stock-based tokens to launch for the European market.
Solana turns into a high 5 community for RWA tokenization
XStocks have gotten probably the most intuitive sort of RWA tokens, bringing Solana into the highest 5 of networks for RWA tokenization. XStocks are nonetheless rising, with slightly below $100M in complete worth locked.
Solana is among the many high 5 networks for RWA tokenization, as XStocks turned a broadly traded asset class. | Supply: RWA.xyz
Solana continues to be lagging behind Ethereum, which acquired a lift from tokenized cash markets. Ondo is probably the most direct competitor, because the chain additionally has its personal distinguished model of tokenized shares.
Whereas Solana nonetheless has a extra restricted collection of tokenized RWA, the energetic buying and selling of XStocks is a breakthrough, as different tokens have decrease buying and selling exercise. Solana additionally reported 101K holders of its tokenized shares, exhibiting higher potential for mainstream adoption.
