Backpack Securities tops $584 million in weekly tokenized stock volume

The Solana-based issuer controls a sliver of tokenized equity supply but now handles roughly 63% of weekly trading activity Backpack Securities just posted over $584 million in weekly tokenized stock volume, taking a 63% share of the market. That makes it the busiest tokenized equity issuer among Solana ’s DeFi traders again. It also does so while trailing its main rival, xStocks, on both liquidity and onchain supply. Backpack’s latest numbers put it in command of over 62% of weekly volume across tokenized equity markets. The precise figure for the week came in at 63%, on more than $584 million in trading. The interesting part is the gap between supply and activity. xStocks holds more tokenized stock onchain and offers deeper liquidity.

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