Solana’s xStocks Platform Captures 95% of Tokenized Stock Trading Market

Solana has emerged as the dominant force in tokenized stock trading, capturing over 95% of the market share following the launch of the xStocks platform by Backed Finance. This milestone highlights Solana's expanding role in decentralized finance (DeFi) and its capability to bridge traditional financial assets with blockchain technology. Within just 24 hours of its debut, xStocks achieved an impressive $1.3 million in trading volume, offering tokenized versions of 55 equities. The rapid adoption of xStocks underscores Solana's scalability and efficiency, positioning it as a leading blockchain for real-world asset tokenization. As of July 2025, Solana's ecosystem continues to grow, driven by innovative platforms like xStocks that leverage its high-speed, low-cost infrastructure. This development not only strengthens Solana's foothold in DeFi but also signals broader institutional interest in blockchain-based financial solutions. With its proven ability to handle high-throughput applications, solana is poised to play a pivotal role in the future of tokenized assets and decentralized markets.

Solana Dominates Tokenized Stock Trading with xStocks Platform

Solana has seized over 95% of the tokenized stock trading market following the launch of xStocks, a platform developed by Backed Finance. This rapid adoption underscores Solana's growing influence in decentralized finance (DeFi) and its ability to support real-world financial assets on-chain.

The xStocks platform debuted with $1.3 million in trading volume within its first 24 hours, offering tokenized versions of 55 equities and 5 ETFs. Initial interest centered on Strategy-based tokens, but quickly shifted toward major assets like Tesla and the S&P 500 ETF ($SPYx), which alone accounted for over half of daily volume at $4.67 million on July 2.

This development positions Solana as the clear leader in stock tokenization, a sector poised for expansion as blockchain technology continues to bridge traditional and decentralized finance.

Solana Price Prediction: Can SOL Break $175 And Rally To $300 Soon

Solana (SOL) is showing bullish momentum, with analysts eyeing a potential breakout above $175. The cryptocurrency, currently trading around $151, has rebounded from a recent low of $125.99. A cup-and-handle pattern on the high-timeframe chart suggests a possible upward trajectory, with the neckline resistance between $160 and $175.

Analyst Ali Martinez highlights the pattern's historical significance, noting similar formations have preceded strong rallies. A decisive close above the neckline with volume confirmation could signal the next leg of SOL's uptrend. The market watches closely as Solana consolidates NEAR critical resistance levels.

Solana Tests Critical Support as Analysts Eye $128.50 Breakdown Risk

Solana's price action hangs in the balance as it flirts with the lower boundary of a rising channel pattern. The altcoin has been range-bound between $145 and $160 for the past week, showing uncharacteristic lethargy despite broader crypto market strength. Trading at $150—20% below May's peak—SOL faces mounting pressure after repeated rejections at the $160 resistance level.

Technical analyst Carl Runefelt highlights the precarious nature of this consolidation. Rising channels typically signal either continuation patterns or preludes to sharp corrections. With bulls failing to maintain momentum, the $128.50 support zone emerges as a plausible downside target. Market participants appear hesitant to commit capital, creating a coiled-spring scenario that could trigger volatile movement in either direction.

Solana & Minna Bank Partner on Stablecoin Research as Best Wallet Token Presale Gains Momentum

Japan's Minna Bank has launched a collaborative study with Solana, Fireblocks, and TIS to explore stablecoin applications in consumer finance. The research will focus on payments infrastructure, banking solutions, and personalized user experiences—a MOVE that aligns with the $250B+ stablecoin market's institutional adoption trend.

Solana's positioning as a preferred blockchain infrastructure provider coincides with surging interest in Best Wallet Token (BWT), a new multichain wallet solution. The project's ongoing presale has surpassed $13M in funding, with analysts speculating 100x upside potential upon exchange listing.

"Stablecoins are reshaping value transfer in the digital economy," noted Fireblocks CEO Michael Shaulov. The Minna Bank partnership could pioneer regulatory-compliant stablecoin implementations for Japan's financial sector.