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Ahmed Barakat
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Solana News: SOL ended the second quarter of 2026 with a token asset volume of $5.77 billion, an all-time high quarterly level confirmed by data analyst Sam Schubert on July 1, and a figure that exceeds the total $775 million generated during the second half of 2025 by more than seven times.
The result cemented Solana’s position as the dominant settlement layer for on-chain shares It signals a tectonic shift in how institutional capital moves across the chain through the token.
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Solana News: Raydium surges as on-chain trading volume breaks records during June
Raydium emerged as a major venue for tokenized equity on Solana throughout the quarter, with its own announcement on July 1 describing it as the “#1 venue for volume of spot tokenized assets on Solana.”
The protocol’s concentrated liquidity pools host the majority of xStocks trading pairs, and the last billion of Raydium’s cumulative token share volume was added in a single month, a pace that directly shaped the quarter’s headline number.
The peak months for the quarter were heavily weighted towards June. Solana processed $1.298 billion of the total global weekly token equity volume of $1.324 billion during the week of June 15-21, a 95% stake. On June 24, daily trading of token shares hit a record $644 million, surpassing memcoins as a share of Solana’s spot volume for the first time.
June alone generated over $2 billion in monthly token stock volume, the highest number ever recorded for any single month on any series.
The final week of the second quarter hit an all-time weekly high of $1.42 billion before Schubert posted the full quarterly tally. This weekly figure alone exceeds many previous monthly totals, illustrating the extent of the acceleration pressure heading into the close of the quarter.
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Solana’s 97% market share of RWA reflects structural dominance, not cyclicality
The Solana Foundation’s May 2026 ecosystem report placed Solana’s share of cumulative spot trading volume for on-chain token shares at 97%a number that had been accumulating for more than a year before the second-quarter breakout.
Data shows that Solana’s advance in token shares has continued for 54 consecutive weeks. Sub-chain finality and lower per-transaction fees are the structural reasons for the liquidity concentration here rather than on competing Ethereum or L1S.
The RWA’s broader picture of Solana supports this reading. The May 2026 report also reported over $2.8 billion in total on-chain RWA value and $1.2 billion in RWA lending deposits, context that explains why BlackRock has deployed a $255 million institutional liquidity fund on Solana and Ondo has $176 million of token yield exposure on the network.
These are not speculative positions. They represent organized capital seeking the quality of execution that DeFi infrastructure on Solana now provides at scale.
Monthly cross-chain token stock trading reached $5.3 billion in May 2026, up 44% from April according to Cryptocurrency Digest – with Solana making up the overwhelming majority of that number.
The remaining strings do not bridge the gap. like Solana continues to develop its network infrastructure and on-chain governanceThe pipeline of new token stocks, SPYx, QQQx, NVDAx, and additional xStocks tools indicates more volume concentration rather than dispersion.
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What is Rydium targeting after Q2 record?
0xINFRA, a member of Raydium’s leadership roster, portrayed Q2 achievement as a baseline rather than an endpoint: “The focus in Q2 shifts from agility to transformation: expanding LaunchLab’s distribution beyond focused partner channels, maintaining CLMM-led liquidity depth, and translating token asset equity gains into repeatable monetization.”
0xINFRA said. The protocol views volume sharing as a prerequisite, not a goal; Fee generation and depth of sustainable liquidity are the next tests.
Organizational background is important here. Bitwise has argued that news of the passage of the US CLARITY Act would accelerate the tokenization wave and make Solana one of the main beneficiaries. This legislation is still pending, but the market is not waiting for it — $5.77 billion of on-chain trading volume occurred in Q2 before any such framework existed.
If CLARITY passes, the addressable market for Token shares Expands materially, multiplying the advantage of Raydium’s existing infrastructure. Solana price forecast for the remainder of 2026 Increasingly treat this RWA momentum as a primary input rather than a secondary narrative.
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