Why does Solana have 2x more deposits than Ethereum in tokenized stocks? 🤔
$92.1M on Solana vs $34.7M on Ethereum in DeFi (Token Terminal).
And there’s more: Solana leads the overall ranking with 36.6% of all TVL in tokenized stocks in DeFi. Robinhood Chain has just arrived and already has $75.4M, while BNB and ETH have ∼13% each.
The reason goes beyond low fees: Kraken chose Solana for its xStocks (TSLAx, NVDAx, SPYx) — 94% of all settlement of tokenized stocks today runs there. $25B+ in volume already.
Tokenized stocks DeFi is finally usable for retail: collateral on Kamino, LP on Raydium, without paying $20 in gas. Solana isn’t joking around. #CRİPTO $SOL L $ETH
$92.1M on Solana vs $34.7M on Ethereum in DeFi (Token Terminal).
And there’s more: Solana leads the overall ranking with 36.6% of all TVL in tokenized stocks in DeFi. Robinhood Chain has just arrived and already has $75.4M, while BNB and ETH have ∼13% each.
The reason goes beyond low fees: Kraken chose Solana for its xStocks (TSLAx, NVDAx, SPYx) — 94% of all settlement of tokenized stocks today runs there. $25B+ in volume already.
Tokenized stocks DeFi is finally usable for retail: collateral on Kamino, LP on Raydium, without paying $20 in gas. Solana isn’t joking around. #CRİPTO $SOL L $ETH
