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Solana's tokenized stock trading hits $657M in one day, with Backpack Securities dominating 91% of volume.

Protocol Fundamentals
05 Nov 2026, 18:54 WIB
Coinpaper
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Bullish
Solana's tokenized stock trading hits $657M in one day, with Backpack Securities dominating 91% of volume.

On November 2, Solana's tokenized stock market reached $657 million in daily trading volume, its highest since June. Backpack Securities accounted for $598 million, or 91% of the total, highlighting a market concentration despite multiple providers on Solana. This growth reflects expanding blockchain-based equity trading, with new financial products like tokenized portfolios and DeFi lending emerging. However, high volume does not mean new investments, as assets can be traded multiple times, and risks like liquidation remain in borrowing applications.

Solana tokenized stock trading volume reached $657 million in a single day, with Backpack accounting for 91% of this activity. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Nov 06, 2026 00:02 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Notable movers include Litecoin at Rp942.354 with an 8.31% decline and EOS.IO at Rp12.649 with an 8.13% increase.

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