Détails

Source

SolanaFloor

Publication

27 août à 16h24

Lien direct

https://solanafloor.com/fr/news/solana-loses-lead-tokenized-equity-volume-share-memestock-pairings-explode-rival-chains

Contenu source (brut)

After commanding over 90% of tokenized equity trading volume across all chains since July 2025, Solana is losing its grip on the sector. Driven by explosive demand for memecoins paired with RWAs, DeFi traders are flocking to rival networks like BNB and Robinhood chain. Why do meme/stock token pairings have higher ceilings on rival chains? Solana Trails Rivals in Tokenized Equity Volume Since xStocks first launched in July 2025, Solana has been the undisputed home of tokenized stock trading. With over $9.5B in cumulative volume, over 288,000 unique holders, and $56+M in lending pools, Solana DeFi is easily crypto’s most established tokenized equity market. But despite Solana’s deeply liquid and established landscape, Blockworks data suggests that traders increasingly prefer rival networks. Over the past two weeks, Solana’s daily volume share of tokenized equity markets has slumped from 71% to just 30%, marking a 57% decline. But while Solana’s declining volume share might look alarming, it’s arguably more reflective of changing dynamics across the onchain RWA sector. Between incentivized points programs on Binance Alpha and memecoin/stock pairings, the way the tokenized equities trade onchain is evolving at a rapid rate. Memecoin/RWA Pairs Explode on BNB, RobinHood Chain According to onchain data, BNB Chain and Robinhood have flipped Solana and become some of crypto’s most popular places to trade tokenized equities onchain.  While this may be true in a technical sense, one could argue that the data is slightly misleading. Tokenized stock volumes on BNB and Robinhood Chain are largely driven by memecoins paired with stocks, meaning that memecoin trading from typical assets like $ETH, $BNB, and stablecoins must first route through tokenized stocks, before returning the desired asset. In turn, holders and LPs can earn fees and airdrops in tokenized stocks. The memecoin/stock pairing mechanic has proved extremely successful and popular with onchain traders. In the past two weeks, coins like BNB Chains’ $牛来 and Robinhood’s $AI have roared to all-time high market caps of $77M and $67M, respectively. However, the memecoin/stock pairing is not an EVM-exclusive mechanic. Solana DeFi offers similar functionality, with platforms like stonk.fun enabling deployers to launch memecoins paired with any tokenized asset. But despite Solana’s reputation as the home of memecoins, the network’s memecoin/stock pairings have failed to reach the lofty heights as their cousins on rival chains. Are Advanced Tooling and Short Hold Times to Blame? Onchain traders argue that Solana’s sophisticated tooling and scalping culture could be at fault. Years of cutthroat activity at low market caps in Solana’s memecoin trenches have conditioned traders to take small profits early, rather than running the risk of being left behind as capital and attention rotates elsewhere. Solana-based traders’ aversion to long-term holding is further reinforced by Dune Analytics data, which suggests that the median hold time in $SOL-paired tokens held for less than 7 days has dropped as low as 44 seconds.  [https://x.com/SolanaFloor/status/2092703901573332994] Additionally, the prevalence of bundling tools, or software enabling traders to discretely acquire outsized and inorganic amounts of new tokens at low prices, has made it incredibly difficult for Solana-based memes to break out of low valuations. Read More on SolanaFloor Toly likes the burn “A No Brainer Yes” - Anatoly Yakovenko Backs Controversial SGP-003 Vote as App Builders Push Back Here’s Why Crypto Just Pumped [https://www.youtube.com/watch?v=DL9ALwH_uaM]