Market commentator The Kobeissi Letter highlighted on Tuesday a record surge in tokenized stocks on Solana (CRYPTO: SOL), led by strong demand following Space Exploration Technologies Corp.
(NASDAQ:SPCX)'s blockbuster IPO.
SpaceX Accelerates Tokenization Push Kobeissi Letter drew attention to $4.3 billion in on-chain volume of tokenized stocks over the last 30 days, citing data from asset tokenization analytics platform rwa.xyz.
This marked the highest monthly volume ever, and a 140% year-to-date increase.
In fact, tokenized stocks on Solana pulled in over $100 million in spot trades for the first time on Friday, following SpaceX's IPO.
