On-Chain Tokenized Stocks Reach $20 Billion in Cumulative Trading Volume, Driven by SpaceX IPO

On June 17, the capital market commentary journal Kobeissi Letter posted on platform X, stating that SpaceX is driving a surge in tokenized asset trading. In the past 30 days, the trading volume of on-chain tokenized stocks reached $4.3 billion, setting a new monthly record and growing over 140% year-to-date. Following the SpaceX IPO on June 15, the 24-hour spot trading volume of tokenized stocks on Solana surpassed $100 million for the first time, with Solana at one point capturing 99% of the market share, and Jupiter becoming the platform with the highest trading volume for tokenized SpaceX stocks. The cumulative trading volume of on-chain tokenized stocks has surpassed $20 billion for the first time.