Solana Loses Ground in Tokenized Equities as Meme-Stock Pairs Fuel Rival Chains

TL;DR:

• Solana’s daily volume share in the tokenized stocks market plummeted from 71% to 30% over a two-week period.
• Real-world asset (RWA) meme pairs drove market caps to $77 million on BNB Chain and $67 million on Robinhood Chain.
• The average holding time for short-term tokens on Solana dropped to 44 seconds, according to Dune Analytics data.

Just after BNB Chain and Robinhood Chain recorded significant trading inflows compared to the Solana network, the tokenized stocks market underwent a liquidity redistribution.

Since the launch of the xStocks protocol in July 2025, Solana has processed over $9.5 billion in cumulative volume within this segment. The network maintains 288,000 unique holders and $56 million in lending pools allocated for equity-backed collateral.

However, transaction records show a contraction in the platform’s relative market share. According to a report by Blockworks, Solana’s daily share of global volume for these instruments dropped from 71% to 30% over the last fortnight.

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