Solana Tokenized Equities Top $1 Billion in Weekly Trading Volume

Solana News

Solana tokenized equities cleared more than $1 billion in trading volume over a single week, a record for any blockchain and a sign that on-chain stock proxies now move at crypto speed. On-chain data put the figure near $1.04 billion across seven days, with activity concentrated heavily in SpaceX-linked SPCX tokens routed through Backpack. The clustering shows genuine demand for hard-to-access private equities, yet it also narrows what the headline number proves about diversified adoption. Tokenized stocks are increasingly traded with crypto habits — fast turnover, narrative-led flow, and 24/7 access — even as redemption, custody, and shareholder rights still depend on off-chain rulebooks and brokerage relationships.

The race to dominate spot Solana ETFs intensified as Grayscale slashed the management fee on its staking product, GSOL, from 0.35% to 0.19% and cut the fee on staking rewards from 23% to 7%, according to an SEC 8-K filing. The reduction puts GSOL level with Franklin Templeton’s SOEZ and below or near Bitwise’s BSOL at 0.20%, 21Shares’ TSOL at 0.21%, Fidelity’s FSOL at 0.25% and VanEck’s VSOL at 0.30%. Morgan Stanley is pressing harder still: its pending Solana trust, MSOL, lists a 0.14% management fee with integrated staking, the lowest figure proposed in the field so far and a clear bid for traditional capital inflows.

Even with SOL down roughly 20% over the past month, on-chain usage is accelerating rather than fading. Solana DEX volume — the dollar value of every swap across the chain’s automated market maker venues — averages near $1.73 billion a day on a seven-day basis, up about 39% from $1.24 billion a month earlier, with much of the flow from meme-coin launchpads and perpetuals. Network fees held firm at roughly $7.2 million over 24 hours and $200 million across 30 days, signalling steady blockspace demand. At the same time, exchange net inflows jumped from about 57,336 SOL on June 11 to roughly 1.41 million by June 25, pointing to building sell-side pressure.

Derivatives positioning shows a sharp split between retail traders and large accounts. As SOL slipped about 1.3%, retail long/short ratios stacked heavily to the buy side — 3.05 on Binance and 2.73 on OKX, the most aggressive bullish tilt among major altcoins, according to derivatives data. Whale accounts on Binance, Bybit and OKX, by contrast, set positions to extremely bearish, warning of near-term liquidation risk and building a clear decoupling from smaller traders. The divergence unfolded as Bitcoin slid below $61,600 and broader risk appetite weakened, leaving leveraged Solana longs exposed should support give way.

Solana’s real-world-asset push is broadening well beyond trading volume. Paxos brought its gold token PAXG to the network through Sunrise, making it the first OCC-regulated gold token to launch on Solana and strengthening the chain’s standing in compliant RWA markets. Oracle provider Pyth Network processed about $110 billion in global RWA perpetual-futures volume in May 2026, roughly 52% of the segment, underscoring the scale of Solana-based infrastructure. In payments, South Korea’s Toss Bank began piloting Solana for fast, low-cost cross-border transfers, while Xweave adopted the chain for stablecoin treasury settlement across Asia-Pacific — momentum that helped tokenized assets overtake meme coins in daily spot volume, with stock trading hitting a record $644 million in a day.

On the charts, SOL is defending a multi-year support band between $55 and $70, the lower boundary of a broadening structure that has formed since 2024 and the zone from which prior rebounds began. Analysts highlight a reclaim of $90 to $100 as the trigger for a wider recovery, opening a path toward $120-$150 and then a $220-$240 target, with $200-$300 framed as a mid-term objective on the weekly chart; a confirmed breakout above the upper trendline near $400 would be required before any speculative talk of four-figure prices. A sustained drop below $55 would invalidate the bullish case and risk a deeper decline. Relatively, SOL has held up better than most peers, falling around 5% on the week while Bitcoin broke below $60,000.

COINOTAG’s proprietary 42-indicator composite scoring engine rates the $74.90 resistance at 77/100 — our strongest overhead level — driven by the confluence of the Fibonacci 0.382 retracement, the R3 pivot and the prior swing high, with $79.22 close behind at 74/100 from the Supertrend and Keltner upper band. On the downside, our engine scores the $63.67 support at 72/100 (S1, a high-volume node and Fibonacci confluence) and $60.13 at 67/100. With spot near $66.78, RSI at 37.36 and an Extreme Fear reading of 12/100, derivatives flash caution: funding is slightly negative at -0.0019%, open interest sits at $1.51 billion, and a 3.78 long/short ratio (79% long) flags crowded longs. A close below $63.67 invalidates the recovery thesis; reclaiming $68.32 reopens the run to $74.90.