There's a point in every nological gold rush when the indicators shift from pointing to "There's something interesting here" to "There's gold buried here.
" For blockchains, one of the est gauges is how many wallets are willing to actually use a new duct, rather than just hold a coin and hope. During the past few weeks, Solana (SOL 3.
69%) has been quietly revealing a tremendous amount of value on that front, and something remarkable is now happening.
Tokenized stocks just staged a stampede onto Solana One of the possible uses of blockchains Solana is to hold and trade tokenized assets stocks.
A tokenized stock is nothing more exotic than a crypto token whose metadata confer ownership of a real.
Holders can buy fractional slices, trade around the clock, and, on Solana, settle transactions in seconds for fractions of a cent, which are privileges that legacy brokers often don't or can't match.
Other chains are looking to be the for parking tokenized stocks and other forms of tokenized assets, but it looks Solana has a large lead in onboarding new users at the moment.
During the past 30 days, the number of unique crypto wallets that actively held tokenized stocks on Solana jumped from 788 to 42,940, a staggering 5,349% leap that ves there's a full-blown stampede in gress.
Image source: Getty Images.
Momentum picked up with gusto when new "mirror tokens" for non-public companies SpaceX, Anthropic, and Epic Games debuted on Solana at the start of July, with centralized exchanges Kraken, XStocksFi, and Gemini announcing similar launches right after.
The idea behind mirror tokens is the same as the one behind tokenized stocks, except that their price is calibrated to mirror those of non-liquid s in that are widely expected to go public at some point.
Now, in terms of tokenized equities for public companies, there are tokenized versions of all of the Magnificent Seven companies on-chain, as well as many others.
For a chain that needs to win in a growth segment to continue seeing its native token gain in value, this is all very bullish for Solana.
What the surge could mean for Solana's long-term value Adoption sparks a virtuous cycle.
More wallets create deeper liquidity pools, which attract additional asset issuers who list fresh tickers, which in turn give investors more reasons to open wallets and keep their capital on-chain.
Solana now hosts 79 different real-world assets (RWAs), and its total on-chain RWA value sits near $47 million. There are only $424 million in stocks tokenized across all chains.
That flywheel directly benefits Solana holders in two ways. First, every transaction burns a sr of Solana, nudging the coin's float down over time.
Higher stock-trading volumes therefore translate into marginal supply shrinkage of the coins available for public trading.
Second, many platforms require users to stake their Solana for fee rebates or to gain the governance rights that would normally be part of a stock, which takes coins out of circulation and boosts staking yields.
Could the stock tokenization party fizzle out. Absolutely, and there are competitors that really want that to happen.
In particular, Ethereum courts stock-token jects, and it has a larger volume of stablecoins on its chain than Solana does.
This means that there's more capital that could flow to newly tokenized offerings. Macro factors matter here too. If a recession hits and equity trading slows, tokenized stock volumes will.
Yet those hurdles feel more speed bumps than brick walls.
Solana's nical lead in speed and low-cost transactions, its thriving developer community, and its now-demonstrated duct-market fit give it a lane to dominate this corner of cryptofinance.
Assuming wallet growth merely decelerates to a 10th of the recent pace, Solana would still add thousands of active stock investors per month, and still surpass the current rates of growth of its peers.
That incremental demand for block space and Solana staking could meaningfully support the price during the next several quarters. For long-term investors, the message is simple.
The easiest way to ride the tokenized-stock wave is to own the coin where the wave is cresting, which means buying Solana. Alex Carchidi has positions in Ethereum and Solana.
The Motley Fool has positions in and recommends Ethereum and Solana. The Motley Fool has a disclosure policy.