Investment
Features
FeesSafety
Academy
More
Pluang+

DraftKings tokenized stock hits $39M volume on Solana in 3 hours, outpacing memecoins.

Market News
11 Sep 2026
Crypto Briefing
View Source
Bullish
DraftKings tokenized stock hits $39M volume on Solana in 3 hours, outpacing memecoins.

A tokenized version of DraftKings stock (DKNG) reached $39 million in trading volume within three hours on the Solana blockchain. Issued by Backpack Securities, the DKNG token is fully backed 1:1 by actual shares, allowing holders to redeem or transfer tokens to traditional brokerages. Solana has become a major platform for tokenized stocks, with daily volumes exceeding $600 million and controlling over 95% of global on-chain tokenized equity DEX volume. This shift offers 24/7 trading, near-instant settlement, and low fees, attracting a broader investor base and challenging traditional stock markets and other blockchains like Ethereum.

More News

Rezolve AI CFO to discuss AI-driven commerce at Maxim Growth Summit 2026

Rezolve AI CFO to discuss AI-driven commerce at Maxim Growth Summit 2026

Rezolve AI announced that Arthur Yao, their Group CFO, will participate in the Consumer & Lifestyle Panel at the Maxim Growth Summit 2026 on October 13. The panel will focus on the rise of agentic commerce and its effects on consumer and lifestyle se...

Market News
Neutral
21 minutes ago
STMicroelectronics repurchases 346,538 shares worth €17M to support employee share programs

STMicroelectronics repurchases 346,538 shares worth €17M to support employee share programs

STMicroelectronics repurchased 346,538 of its ordinary shares on Euronext Paris between October 5 and 9, 2026, spending about €17 million at an average price of €49.24 per share. This buyback, representing 0.04% of its issued share capital, aims to f...

Company Fundamentals
Neutral
21 minutes ago
Freshworks to acquire Torii, enhancing AI and software spend governance in Freshservice platform

Freshworks to acquire Torii, enhancing AI and software spend governance in Freshservice platform

Freshworks Inc. has signed an agreement to acquire Torii, a leader in SaaS and AI spend management, to extend its Freshservice platform. This acquisition aims to provide IT teams with comprehensive visibility and control over software and AI usage, c...

Company Fundamentals
Bullish
21 minutes ago
Five major U.S. banks report Q3 earnings amid rising yields and market volatility this week.

Five major U.S. banks report Q3 earnings amid rising yields and market volatility this week.

This week, five major U.S. banks—JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and Morgan Stanley—are set to release their third-quarter earnings. The reports come amid a challenging market environment where bank shares have declined due to ...

Company Fundamentals
Neutral
21 minutes ago
Nano Labs schedules 2026 AGM to approve share consolidation, re-designation, and subdivision plans.

Nano Labs schedules 2026 AGM to approve share consolidation, re-designation, and subdivision plans.

Nano Labs Ltd announced its 2026 Annual General Meeting on November 24, 2026, in Hangzhou, China. The meeting will seek shareholder approval for a share consolidation (10-to-1), re-designation of shares into Class A and B, and a conditional share sub...

Company Fundamentals
Neutral
21 minutes ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App