Solana Tokenized Stock Volume Hits Record $4.4B in September
- Published
Solana’s tokenized stock trading reached $4.4 billion in September, which marked the network’s strongest month for that kind of DEX activity. Raydium and Orca were both part of the September volume increase, and trading remained active across the Solana ecosystem since June 2025. Off-hours trading also became a notable part of the market.
Key claims & sources
What it means
Tokenized stock traders on Solana notice this in the form of heavier activity across decentralized exchanges, with Raydium and Orca both in the mix during September. That means the market they used saw its busiest month yet for this type of trading, and that is the condition facing users and venues going into October.
What remains open is whether September’s surge reflects durable liquidity or only a temporary spike. The next clear check is October trading activity, which would show whether the higher level of tokenized stock DEX volume continues.
Market reaction i
Coverage timeline
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Where this sits in the Solana series
| When | What happened | Figure |
|---|---|---|
| 40 days ago | SOL at $124.64 high | today it sits -28.1% from there |
| today | SOL at $88.98 low | today it sits +0.7% from there |
From what we have stored, starting 43 days ago.