xStocks makes another big splash! On $SOL
, it added more than 200 tokenized UK and European stocks, and it’s planning to enter the Hong Kong market next. Its momentum is incredible. The total market capitalization of tokenized stocks on-chain now stands at $607 million #solana , with as many as 2,102 products and nearly 1.89 million holder addresses.
This sector is largely dominated by xStocks, which commands three-quarters of the entire market, while other players like Ondo hold only a small share. Looking back to last June, this business was almost starting from scratch. It surged from $200 million to $400 million and has grown to its current size—a truly remarkable pace. Of course, keep in mind that addresses don’t represent unique investors; many people use multiple addresses.
Solana isn’t the only one vying for a slice of this pie. Avalanche, Arbitrum, and Stellar are all rolling out $RWA
tokenized stocks, as everyone looks to share in Wall Street’s profits. Solana is currently in the lead, but competition in the sector is intensifying. Whether it can hold on to its advantage remains to be seen.
, it added more than 200 tokenized UK and European stocks, and it’s planning to enter the Hong Kong market next. Its momentum is incredible. The total market capitalization of tokenized stocks on-chain now stands at $607 million #solana , with as many as 2,102 products and nearly 1.89 million holder addresses.
This sector is largely dominated by xStocks, which commands three-quarters of the entire market, while other players like Ondo hold only a small share. Looking back to last June, this business was almost starting from scratch. It surged from $200 million to $400 million and has grown to its current size—a truly remarkable pace. Of course, keep in mind that addresses don’t represent unique investors; many people use multiple addresses.
Solana isn’t the only one vying for a slice of this pie. Avalanche, Arbitrum, and Stellar are all rolling out $RWA
tokenized stocks, as everyone looks to share in Wall Street’s profits. Solana is currently in the lead, but competition in the sector is intensifying. Whether it can hold on to its advantage remains to be seen.
