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Solana Network Sees $657 Million in Tokenized Stock Trading

Backpack Securities accounted for $598 million, about 91% of the total, on Nov. 2.

By Enna Lee
Published
Mentioned assets
A faceted share token rises above rows of smaller acrylic tokens / TokenPost.ai
A faceted share token rises above rows of smaller acrylic tokens / TokenPost.ai

Tokenized-stock trading on the Solana network totaled $657 million on Monday, Nov. 2, more than twice the volume recorded on any other day since September. The figure was below Solana’s June daily trading high of $683 million.

Backpack Securities accounted for $598 million, about 91% of the Nov. 2 total. Trading volume measures activity over a period, while tokenized-stock supply measures the value of tokenized equities.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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