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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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The market capitalization of tokenized stocks on the Solana blockchain has risen more than twofold in two weeks, reaching $48 million.
PANews, July 8, news from Cryptoslate reports that according to on-chain data monitoring from rwa.xyz, the total market capitalization of tokenized stocks on the Solana blockchain reached $48.53 million on July 4, a rise of 217% from $15.28 million on June 20, leading the growth among all public chains. Currently, this zone accounts for 11.4% of the total market capitalization of RWA on the Solana blockchain. Solana ranks third in the tokenized stock segment, behind Algorand ($294 million) and XRP Ledger ($55.35 million). The rwa.xyz directory lists 61 tokenized stocks based on Solana, all minted by the Swiss-registered entity Backed Finance. A snapshot on July 4 showed that $48.53 million in Solana assets belong to the issuer, which accounts for 31% of Backed Finance's total $155 million in stock tokenization across all networks.