Foreign media reports that against the backdrop of divergent trends between crypto assets and US stocks, the number of tokenized stock holders on Solana has risen to 200,000, a new high. The article argues that this change places Solana in a more prominent position within the narrative of on-chain stock trading and tokenized securities.
The number of holders has increased to 200,000.
The report noted that in recent times, market funds have flowed more significantly into US stocks, while crypto assets have generally underperformed. Amid this divergence, public chains with clear on-chain application scenarios are more likely to gain attention, and Solana is considered one of them.
The article cites data showing that the adoption of tokenized shares has driven the total number of Solana-related holders to 200,000. Foreign media outlets believe this indicates that on-chain shares are no longer just a concept test, but are forming a more stable user base.
Tesla's tokenized stock is concentrated in Solana.
The report also mentioned that of the approximately $60 million in value of Tesla's tokenized stock, 96% is currently concentrated on the Solana network. These tokens have risen by more than 11% in the past month, with nearly 30,000 holders, indicating that demand continues.
The article argues that this data demonstrates that Solana not only handles the issuance and circulation of tokenized stocks but also absorbs on-chain transaction demand related to US stocks. If more popular stock assets are added to the blockchain in the future, the existing network effect may continue to amplify.
SpaceX's IPO Expectations Draw Attention
Foreign media reports indicate that the market is closely watching the progress of SpaceX's potential IPO. If such high-profile companies generate demand for on-chain tokenized transactions in the future, Solana could become one of the main beneficiary networks.
However, the article also mentions that the U.S. Securities and Exchange Commission previously withdrew the "innovation exemption," meaning that tokenized stocks still face regulatory hurdles. The speed of on-chain stock expansion still depends on whether the compliance environment improves.
Stablecoin supply provides the basis for liquidity.
The report also mentioned that the supply of stablecoins on the Solana network has exceeded $16 billion. The article suggests that with the growth of RWA and changes in on-chain liquidity, this portion of funds may further flow into tokenized stocks in the future.
Based on this, foreign media believe that if funds continue to flow towards equity-related assets rather than traditional crypto assets, Solana may gain a more significant structural advantage in this cycle.
