XStocks, issued by backed shares, has surpassed $2 billion in trading volume within just six weeks of the launch in Solana.
summary
- Since its launch, Solana Backed Xstocks has reached $2.1 billion in cumulative trading volume.
- XStocks is an SPL token representing actual fractional ownership of US stocks and ETFs, supporting 1:1 in stock.
- Trades 24/7 via CEXS (Kraken, Bybit), Wallets (Phantom, Solflare) and on-chain venues (Raydium, Jupiter, Kamino).
According to a recent case study by the Solana Foundation, Xstocks is the rapid adoption of tokenized US stocks supported by Solana (Sol) since its launch on June 30th. Within just six weeks, XStocks reached $2.1 billion in cumulative trading volume.
By mid-August, Xstocks accounted for around 58% of all tokenized stock transactions this year, holding a majority of market value in Solana alone at $46 million out of $86 million.

Source: Dune
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What is Solana’s XStocks?
XStocks is Solana’s SPL token representing fractional ownership of actual US stocks and funds traded on exchanges, each supporting a 1:1 by stocks with regulated custodians. As of August, over 60 Xstocks live in Solana, including common names such as Apple (AAPLX), Microsoft (MSFTX), Tesla (TSLAX), NVIDIA (NVDAX), META (Meta), Amazon (AmzNX), and S&P 500 Index.

Source: Xstocks
XStocks offers access to US stocks that are available to non-US residents around the world for 24/7 trading and immediate settlements, offering access to traditional brokerage-free US stocks. Centralized exchanges such as Kraken and Bybit handle the wider distribution and allow direct self-advisor and configurable holdings of wallets such as Phantom and Solflare and on-chain venues such as Raydium, Jupiter and Kamino.
Beyond simple ownership, Xstocks integrates with the Defi protocol, allowing investors to use their positions as collateral, join liquidity pools, and transfer shares held across platforms.
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