Solana Tokenized Stock Volume Hits Record $4.4B in September
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.
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What it means
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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
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 14 days ago | Token Unlocks Reported Above $1.935 Billion Over the Next Month event | 1 actors in common · 2 news media |
| 14 days ago | OUSD is live. Businesses and developers can now start using Open USD (OUSD) to build internet-native financial services and products. Read the post event | 1 actors in common · 2 news media |
| 14 days ago | Powerus went public Thursday. By Friday, its shares were on Solana event | 1 actors in common · 2 news media |
| 14 days ago | Powerus tokenized stock PUSA hits $8 million in volume on Solana in four hours event | 1 actors in common · 3 news media |
| 15 days ago | BNB Chain crosses $1B in tokenized stocks, ETFs as market hits $3.7B event | 1 actors in common · 2 news media |
What could happen next
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