SOL has been holding steady in the $71 to $74 range in late June, a small but meaningful show of resilience for a token whose underlying network is flashing some concerning signals. The token’s stability isn’t coming from the usual suspects. Instead, it’s being buoyed by a sector that barely existed on Solana a year ago: tokenized stock trading.
Solana’s traditional DeFi metrics are in retreat. Its total value locked has slid to roughly $4.8 billion, a far cry from previous peaks above $12 billion. DEX volumes dropped approximately 31% quarter-over-quarter in the first quarter of 2026.
Tokenized stocks are doing the heavy lifting
Solana has quietly become the dominant chain for tokenized equities, and “dominant” might be an understatement. On June 20, the network captured roughly 99% of all tokenized stock DEX trades. That’s not a typo.
Daily trading volumes for tokenized stocks on Solana have topped $200 million. Weekly volumes recently crossed the $1 billion mark.
