Solana’s official account posted a chart: tokenized stocks saw about $657 million in daily trading volume on Monday—more than double any day since September. Backpack Securities alone contributed about $598 million, roughly 91% of the total; xStocks followed with about $56 million.
A surge in trading volume doesn’t mean liquidity is already distributed across the order book. More likely, a single issuer captured weekend and after-hours flows while other issuers haven’t caught up yet. The impressive numbers show that demand is there, but also that liquidity remains concentrated with one provider. Don’t mistake a peak for sustained market depth.
If Backpack’s share remains above 85% within seven days, or daily trading volume in tokenized stocks falls below $320 million, treat this as a brief peak—not the market-wide norm. Snapshot at approximately 18:08 Beijing time: Binance spot SOL at about $93.19, up approximately 0.9% over 24 hours.
$SOL
#SOL #Solana #Tokenized
A surge in trading volume doesn’t mean liquidity is already distributed across the order book. More likely, a single issuer captured weekend and after-hours flows while other issuers haven’t caught up yet. The impressive numbers show that demand is there, but also that liquidity remains concentrated with one provider. Don’t mistake a peak for sustained market depth.
If Backpack’s share remains above 85% within seven days, or daily trading volume in tokenized stocks falls below $320 million, treat this as a brief peak—not the market-wide norm. Snapshot at approximately 18:08 Beijing time: Binance spot SOL at about $93.19, up approximately 0.9% over 24 hours.
$SOL
#SOL #Solana #Tokenized
