TLDR
- Solana handled 95% of total tokenized stock trading volume in the past month.
- Gnosis and Ethereum followed with 1.98% and 1.83% of tokenized stock trades.
- Audius v1.0 launched on Solana, introducing Artist Coins for creators.
- The upgrade enables 150K artists to directly manage fan engagement and revenue.
Solana has emerged as the dominant force in tokenized stock trading, capturing over 95% of total activity in the past 30 days. Data from SolanaFloor and Dune Analytics shows Solana’s decentralized exchange (DEX) volume far surpassing competitors like Ethereum and Gnosis. This surge comes as Audius, a decentralized music platform, launches its Audius v1.0 Open Audio Protocol on the Solana blockchain, marking another milestone in the network’s expanding ecosystem.
Solana’s Dominance in Tokenized Stock Trading
The latest data indicates that Solana processed more than 95% of all tokenized stock transactions between September and early October. In contrast, Gnosis accounted for 1.98%, and Ethereum followed with 1.83%. Such a wide gap reflects Solana’s efficiency in handling high-frequency, data-intensive trades.
Tokenized stocks digital representations of real-world shares, are increasingly popular as blockchain-based trading gains adoption. Solana’s scalability and speed have positioned it as the preferred platform for tokenized equity activity. Its network consistently maintains low transaction costs and sub-second finality, providing traders with near-instant execution, which is essential for stock-based assets.
The growing market share also aligns with broader institutional involvement. Trading platforms and asset issuers are integrating Solana’s framework to improve liquidity access and operational efficiency.
Audius Launches v1.0 Open Audio Protocol on Solana
Furthermore, Audius, a decentralized music platform with over 150,000 artists and 350 million streams, has rolled out Audius v1.0 on Solana. The update introduces an Open Audio Protocol with Artist Coins, enabling musicians to build tokenized economies around their work.
Through this system, artists can issue their own coins, giving fans access to exclusive experiences, early releases, or direct support mechanisms. The approach aims to redefine artist-fan relationships, turning engagement into a collaborative economic model rather than a one-way interaction.
The migration to Solana brings lower transaction costs and faster on-chain performance for Audius users. For musicians, that means real-time control over royalties and payments without intermediaries.
Institutional and Developer Interest Continues to Rise
In addition, Solana’s continued growth in decentralized trading and app development has caught institutional attention. Venture firms and blockchain funds are increasingly allocating capital toward Solana-based infrastructure and tokenized products.
Major decentralized applications (dApps) are either migrating or launching natively on Solana. The platform’s ecosystem now includes gaming, DeFi, and digital asset tokenization projects. Developers cite high throughput and a robust developer community as primary reasons for adoption.
At the same time, Solana’s correlation with tokenized stock performance could influence broader blockchain trends. Its share of the on-chain equity market demonstrates that scalability remains central to real-world asset tokenization.
Competitive Pressure from Other Blockchains Remains
Even so, despite Solana’s lead, competition from Ethereum’s Layer 2 ecosystems and Base’s growing developer activity persists. These networks continue to enhance interoperability and liquidity features, aiming to attract tokenized asset issuers.
Analysts believe Solana’s challenge will be maintaining its speed advantage while ensuring long-term stability as network usage grows. Still, its ability to handle nearly all tokenized stock trading in recent weeks indicates strong resilience and demand.
As Solana strengthens its position through both financial and creative sectors, from tokenized equities to decentralised music, it signals a maturing phase for blockchain utility beyond speculation.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
