97%

that's how much of all tokenised equity trading happens on one chain. Solana, across every blockchain running the category

Forward Industries is stacking a treasury past 6.9 million SOL. institutions picked and stopped looking

the bull read is easy: the one narrative this year that produced volume rather than slide decks, and it consolidated fast

what stays unpriced is the day it breaks. 97% in one place means there's no second venue to route to when the validators go quiet, and the people holding tokenised shares find that out at the same moment everyone else does)

i don't hold $SOL . i'd say the same about any market where one venue took everything, including the ones i'm in

lessons:
- ask where the fallback is before you call something infrastructure
- count the venues, not the volume

which chain would you route to tomorrow if that one stopped? say it below, i'll collect the answers