Solana News: SOL closed Q2 2026 with $5.77 billion in tokenized asset spot volume, a quarterly all-time high confirmed by data analyst Sam Schubert on July 1, a figure that exceeds the entire $775 million generated across the second half of 2025 by more than seven times.
The result cements Solana’s position as the dominant settlement layer for on-chain equities and signals a structural shift in how institutional capital is moving on-chain through tokenization.
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Solana News: Raydium Leads as On-Chain Volume Breaks Records Across June
Raydium emerged as the primary venue for tokenized equities on Solana throughout the quarter, with its own announcement on July 1 describing it as “the #1 venue for tokenized asset spot volume on Solana.”
The protocol’s concentrated liquidity pools host the majority of xStocks trading pairs, and the final billion in Raydium’s cumulative tokenized equity volume was added in a single month, a pace that directly shaped the quarter’s headline figure.
The quarter’s peak months were heavily weighted toward June. Solana processed $1.298 billion of the $1.324 billion in global weekly tokenized stock volume during the week of June 15–21, a 95% share. On June 24, daily tokenized equities trading hit a $644 million record, surpassing memecoins as a share of Solana spot volume for the first time.
Source: Blockworks
June alone generated over $2 billion in monthly tokenized stock volume, the highest figure ever recorded for any single month on any chain.
The final week of Q2 set a weekly all-time high of $1.42 billion before Schubert published the full quarterly tally. That weekly figure alone exceeds several prior monthly totals, illustrating how compressed the acceleration was into the quarter’s close.
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Solana’s 97% RWA Market Share Reflects Structural, Not Cyclical, Dominance
The Solana Foundation’s May 2026 ecosystem roundup placed Solana’s share of cumulative on-chain tokenized equity spot trading volume at 97%, a figure that had been building for over a year before the Q2 breakout.
Data, noted Solana’s tokenized equity lead had held for 54 consecutive weeks. The chain’s sub-second finality and low per-transaction fees are the structural reasons liquidity has concentrated here rather than on Ethereum or competing L1S.
The broader RWA picture on Solana supports that reading. The May 2026 roundup also reported $2.8 billion-plus in total RWA value on-chain and $1.2 billion in RWA lending deposits, a context that explains why BlackRock deployed a $255 million institutional liquidity fund on Solana and Ondo holds $176 million in tokenized yield exposure on the network.
Source: Original Article
