Tokenized equities on Solana just posted a 24-hour trading volume of $187.9 million, shattering the category’s previous records. The SPCX token, which represents SpaceX shares, accounted for more than half of that figure, generating over $105 million in trades on its own.
To put that in perspective: the tokenized equities market on Solana first crossed $100 million in daily volume just one day earlier, on June 15. It then nearly doubled that milestone within 24 hours.
SpaceX goes public, and Solana catches the wave
SpaceX officially listed on Nasdaq on June 12, and SPCX, its tokenized counterpart, launched on June 11-12 through Backpack Securities, a regulated US broker-dealer. First-day trading volume for SPCX came in at roughly $18.2 million, contributing to a total tokenized equity volume of around $37 million that day.
Three days later, that volume had multiplied five-fold. When the $100 million daily threshold was first breached on June 15, SPCX was responsible for approximately 40% of the activity. By the time the $187.9 million record was set, its share had grown to over 50%.
