Solana is winning on users and revenue, so why is SOL down 15%?

Solana [SOL] used to be a hub for memecoins. Lately, it's become a marketplace for tokenised stocks. Is that why the platform is winning? Solana tokenised stock holders at 1.4 million According to data from Blockworks, about 1.4 million addresses now hold at least one tokenised equity product on Solana. For most of the year, things went slow; from around 100K in late 2025 to just under 300K by July 2026. Then, September 2026 showed up. Towards the start of the month, the number was still below half a million. Now, it’s nearly tripled! Quick reality check though. Addresses aren't people, and one person can easily have multiple wallets. However, even so, the chart has been going straight up, and Solana's making money off of it.

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