Solana dominates stock token trading with 95.6% market share in the past 30 days.

In 2025, few stories on Solana will attract as much attention as the real asset (RWA). From stablecoins to liquidity staking tokens, this network has proven its role as a fertile ground for adoption, liquidity, and innovation. Now, tokenized stocks are becoming the new breakout trend, bringing the biggest names on Wall Street onto the permissionless rails of Solana.

Solana dominates the encryption stock market

Solana is currently the leading blockchain in the tokenized stock trading sector. In the last 30 days, over 95.6% of the total trading volume on DEX occurred on Solana, while Gnosis accounted for 1.98% and Ethereum ranked third with 1.83%. The only exception was on September 26, when Ethereum's market share surged to over 30%, but Solana still held 67%. Throughout the remaining days, Solana's market share remained stable at over 89%.

Previously, xStocks was the only provider of encrypted stocks on Solana. However, the launch of Remora Markets in September marked a turning point, transforming this market from an “exclusive playground” into a rapidly growing competitive field.

Strong growth in transactions

In the past 30 days, the trading volume of tokenized stocks on Solana has ranged from 570,000 USD to 6.1 million USD per day, totaling over 70 million USD on DEXs.

xStocks continues to lead the market, but Remora has brought new momentum. The volume on Remora surged in mid-September, reaching over 605,000 USD on September 16 – an impressive milestone achieved in less than a month of operation.

Although trading takes place 24/7, data shows that the volume decreases significantly on weekends, reflecting the familiar cycle of traditional markets even in a permissionless environment.

Tesla dominates the cash flow

Among the listed stocks, Tesla stands out as the focal point. On both platforms, tokens linked to Tesla account for 29.6% to 83.22% of daily trading volume.

The tokens $TSLAr Remora( and )xStocks$TSLAx are always leading, with many arbitrage opportunities arising due to the price discrepancy between on-chain tokens and the price of real-world stocks. For example, on September 18, ( traded at an average of 299 USD, while Tesla stock closed at 416 USD – creating a discrepancy of over 37%. Similarly, on September 10, ) was traded at 295 USD compared to Tesla's price of 347 USD, a difference of 29% before rising back to 382 USD.

These cases show that encryption stocks not only reflect the traditional market but also open up new trading strategies specific to crypto.

![]$TSLAr https://img-cdn.gateio.im/webp-social/moments-e6ca42e7b1fb59df2c6aa1acd928d059.webp$TSLAx

( AUM and acceptance level

In terms of assets under management )AUM###, this sector is still in its early stages but is rapidly expanding. xStocks leads with over 88 million USD AUM, while Remora reached 3.5 million USD in just one month.

Regarding user data, over 1,800 wallets have traded on Remora in the past 30 days, executing over 10,000 transactions. On both platforms, the number of active traders daily ranges from 600 to 2,300. At its peak, xStocks recorded over 2,200 traders/day, while Remora surpassed 260 wallets/day – a signal indicating that natural demand is significantly increasing.

( Meaning and Prospects

The rise of encrypted stocks reinforces the role of Solana in transforming traditional financial assets into highly liquid and combinable DeFi products. Without the need for KYC or geographical restrictions, users anywhere can trade Tesla and NVIDIA stocks at any time.

This not only democratizes access but also opens up a new layer of DeFi activities, where arbitrage strategies, liquidity provision, and yield generation are applied to real stocks. The intersection of TradFi and DeFi has the potential to become one of the most important innovations of Solana.

With over 70 million USD in trading volume over 30 days, encryption stocks are asserting their position as a reliable market segment on Solana. Just like stablecoins and liquidity staking tokens that have reshaped the ecosystem, encryption stocks are likely to continue on that growth trajectory.

Thach Sanh