Solana Sets $5.77B Tokenized Asset Record As Raydium Leads Q2 Surge

Solana (SOL) closed Q2 2026 with $5.77B in tokenized asset spot volume, setting a quarterly record for the network.

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Solana Volume Record

Data analyst Sam Schubert confirmed the Q2 figure on Jul. 1. The $5.77B total was more than seven times larger than the $775M generated across the second half of 2025.

The record also showed how quickly tokenized equities moved from a niche trading category into a major part of Solana spot activity. During the week of Jun. 15-21, Solana processed $1.298B of the $1.324B in global weekly tokenized stock volume, giving it a 95% share.

June delivered the strongest part of the quarter. Tokenized equity trading on Solana reached a daily record of $644M on Jun. 24, and June alone produced more than $2B in monthly tokenized stock volume.

Raydium said on Jul. 1 that it was “the #1 venue for tokenized asset spot volume on Solana.” Its concentrated liquidity pools hosted most xStocks pairs, and its final $1B in cumulative tokenized equity volume came in one month.

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Raydium RWA Outlook

The Solana Foundation said in its May 2026 ecosystem roundup that Solana held a 97% share of cumulative on-chain tokenized equity spot trading volume. The same roundup reported more than $2.8B in total RWA value on-chain and $1.2B in RWA lending deposits.

That context helps explain why BlackRock deployed a $255M institutional liquidity fund on Solana, while Ondo held $176M in tokenized yield exposure on the network. The figures point to regulated capital using Solana for execution, not only speculative trading.

0xINFRA, a member of Raydium’s leadership roster, said the next test is turning market share into repeatable revenue. “The focus for Q2 shifts from resilience to conversion: broadening LaunchLab distribution beyond concentrated partner channels, sustaining CLMM-led liquidity depth, and translating tokenized-asset share gains into repeatable monetization,” 0xINFRA said.

Bitwise has argued that passage of the U.S. CLARITY Act would speed up tokenization and make Solana a major beneficiary. The bill remains pending, but the $5.77B Q2 total came before any such framework was in place.

Solana’s lead did not emerge in one quarter. Its tokenized equity advantage had already lasted 54 consecutive weeks, and the jump from $775M in the second half of 2025 to $5.77B in Q2 2026 shows how sharply activity accelerated.

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