Solana’s tokenized stock markets are gaining attention, as the trading volumes rival those of major marketplaces.
Tokenized shares on Solana [SOL] Volume generated by the tokenized equities listed at NASDAQ and NYSE exceeded $200 million. These volumes are more than $100 million higher than those of tokenized equities that trade on NASDAQ or NYSE.
Raydium has a distinctive appearance [RAY] It is estimated that the web represents about 70% of all activity. liquidity Behind the growth. It is not as wide as it appears. It is because the comparison only covers tokenized stocks and not the entire stock market.
Even with a small scope, this increase is indicative of the speed of development of stock trading on the blockchain. As more tokenized equities gain liquidity, Solana This emerging market could be of increasing importance.
Solana increases its tokenized equity market
In this context, Solana’s tokenized equity market also expands rapidly. This growth gives traders an increasing pool of assets. Last week the tokenized equity supply hit a new record of $684 million, a 47 percent increase within three weeks.
The capital increase is also represented by tokenized stocks and ETFs. It is not only one issuer that has expanded, but also several. xStocks and Ondo have launched their stock products through Solana.
These platforms provide over 100 types of tokenized ETFs and equities, extending the market to include more than a few assets.
It may be possible to create the conditions for an increase in trading volume. There still has to be a substantial increase in the trading volume relative to any new supply that comes into the market.
SOL tests $102.50 as the threshold
Solana is still trading within a broad consolidation following its August’s sharp rally. Currently, the price at $101.48 is near to midpoint in this trading range.
SOL is trading near $101,48, after recovering from $97.50 where recent buyers stepped in. This lower boundary (purple lines) was a key support for the price during the last two rallies.
Above it is a key resistance at $102.50 (orange line) that has acted as the pivot, rejecting several advances since late August. Above this is the key resistance of $102.50 (orange lines) which has been acting as a pivot and rejecting many advances since late august.
If the price breaks above this level for a sustained period, it could signal to buyers that they have finally overcome the resistance. The upper level of $107.50, indicated by the violet line, would then be exposed, and $110.68, afterward, might appear.
Meanwhile, the teal zone around $74–$78 shows the base that preceded August’s rally. RSI 49.46 shows that the momentum is back, and SOL looks ready for a big move.
Final summary
- Solana is expanding tokenized shares as the volume exceeds $200 million, and the supply surpasses $684 million.
- SOL has recovered from $97.50 to $102.50 and is now testing that level. It needs to continue its rise.
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Source: ambcrypto.com
