Solana becomes second-largest chain for tokenized stocks
Rising use of equity perpetual contracts and 24/7 trading access pushes Solana ahead in onchain stock activity.
Key Takeaways
- Solana is now the second-largest blockchain for tokenized stock trading.
- Platforms like BackedFi enable 24/7 trading of tokenized US equities on Solana.
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Solana has become the second-largest blockchain for tokenized stock trading, driven by growing adoption of equity perpetual contracts for major tech companies.
The network now supports 24/7 trading access for tokenized US equities through platforms like BackedFi, a platform specializing in tokenizing traditional equities for blockchain integration. These on-chain products allow crypto-based trading of stock exposure outside traditional market hours.
Solana has attracted significant trading volume in tokenized stocks, with activity continuing even during broader market downturns. The blockchain’s high-speed transaction capabilities have made it a preferred platform for perpetual contracts on major equities.
