Solana [SOL] was once a hub for memecoins. Lately, it’s develop into a market for tokenised shares.
Is that why the platform is winning?
Solana tokenised inventory holders at 1.4 million
According to information from Blockworks, about 1.4 million addresses now maintain no less than one tokenised fairness product on Solana.
For many of the yr, issues went sluggish; from round 100K in late 2025 to simply below 300K by July 2026. Then, September 2026 confirmed up.
Towards the beginning of the month, the quantity was nonetheless beneath half one million. Now, it’s practically tripled!
Quick actuality verify although. Addresses aren’t folks, and one particular person can simply have a number of wallets. However, even so, the chart has been going straight up, and Solana’s creating wealth off of it.
For the fifth week in a row, it earned extra community income than some other L1 and L2. Between twelfth and 18th October, that was about $6.54 million. BNB Chain [BNB] was second at $3.23 million, so Solana made 2x. Ethereum [ETH] got here in at $2.87 million, and Bitcoin [BTC] at $1.5 million.
All chains collectively made $17.31 millon, and 38% of that was simply Solana!
However, it’s not been all sunshine and rainbows. Total income has been dropping for a month, so Solana’s simply winning a smaller battle.
So, are shares what’s holding Solana on prime? Not fairly, or no less than not but. Stock holders practically tripled over the identical weeks that Solana’s income fell.
They’re including users, however they’re not why the payments are being paid.
Where does SOL’s value motion stand?
So, the community is on a roll. What in regards to the token although? Well, not so a lot.
At press time, SOL was buying and selling at $104. Towards the beginning of October, it was valued at close to $122 — A 15% drop in below three weeks. In truth, the late September peak was $125.
Worth declaring, nonetheless, that SOL is nonetheless valued approach above its June value. In truth, it has risen by nearly 70% since.
However, the tempo has clearly sputtered. The RSI was at 38 at press time, whereas it was above 80 again in August. The CMF had a studying of 0.27 earlier this month, earlier than falling down to -0.14. Simply put, cash’s not been coming in.
Right now, Solana’s bought the users and the income. However, SOL’s value motion is turning a blind eye to all that.
Final Summary
- About 1.4 million addresses now maintain tokenized shares on Solana.
- Solana led all chains in community income for a fifth straight week.
