Tokenized stock volumes on Solana surpass ~$9.8B.
This represents a mammoth Y/Y growth of 872.92%.
$RAY is the pick-and-shovel underneath the equity issuers on Solana.
> $5B cumulative tokenized stock volume on Solana.
> $2.3B in Q3 (up +40% Y/Y).
> ~63% of Solana's tokenized equity volume.
> ~75% of xStocks and 60% of Backpack volumes are processed on Raydium pools.
RAY is up ~+172% since August but still down ~80% from its Jan'25 highs.
Tokenized stocks are roaring on Solana, and Raydium is leading the pack.