xStocks, a tokenized equities platform by Backed Finance, surpassed $1 billion in decentralized exchange trading volume within 30 days, driven mainly by SPYx, a tokenized SPDR S&P 500 ETF. About 75% of this trading occurred on Raydium, a Solana-based automated market maker, highlighting Solana's dominance in tokenized stock trading. The platform now supports dozens of US stocks and ETFs with assets under management exceeding $800 million. Recently, xStocks introduced yield-generating vaults for key tokens, enhancing passive income opportunities and increasing appeal for both retail and institutional investors.
xStocks' milestone of surpassing $1 billion in decentralized exchange trading volume offers context for readers following tokenized equities. For readers following tokenized assets, here is Pluang's market snapshot as of Sep 15, 2026 07:21 WIB: out of 50 major cryptocurrencies, 33 rose and 16 fell today. Notable moves include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% at Rp16.297 with a typical hold time of 85 days, and XLM (Stellar) up 8.50% at Rp3.395 with a 41% sell / 59% buy order activity and a typical hold time of 83 days.
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