Solana (SOL) Sees Record Tokenized Equity Growth in September 2026

News

September 2026 marked significant growth for Solana (SOL), hosting over half of the year’s tokenized equity volume and reaching new records in stablecoin supply.

September 2026 proved to be a milestone month for the Solana (SOL) blockchain, with notable growth across tokenized stocks, stablecoins, payments, and decentralized finance (DeFi). Solana hosted over 50% of all tokenized equity volume in 2026, according to the Solana Foundation, with more than 1 million cumulative tokenized-stock holder wallets reached by September 23.

Evidence and context

Tokenized equity supply on Solana surged to $684 million by the end of September, representing a 47% increase in just three weeks, based on Solana Foundation’s data. The month also recorded approximately $4.4 billion in tokenized-stock trading volume, driven by activity on decentralized exchanges (DEXs) such as Raydium. Regulatory developments played a significant role, as the U.S. Securities and Exchange Commission (SEC) issued a five-year conditional exemption on September 17, allowing blockchain-based trading of tokenized U.S. equities under specific conditions.

Stablecoins also reached new milestones on Solana. Total stablecoin supply hit a record $17.51 billion, with significant developments such as the launch of Open USD (OUSD) and the integration of stablecoins into banking platforms like Column. Payments infrastructure expanded globally, demonstrated by stablecoin proofs of concept conducted by South Korea’s Jeonbuk and Shinhan banks, highlighting use cases across currency conversion and overseas payouts.

In the DeFi sector, lending supply on Solana climbed 25% during Q3 2026, reaching $5.15 billion in September. Institutional-grade offerings included tokenized stock yield vaults on Kraken and Kamino’s auto-loan-backed fixed-rate loans, which originated $10 million in their first 72 hours.

September by the numbers

• $78.33 billion in DEX volume, up 20% from August.
• $188.1 million in net inflows into U.S. Solana ETFs between September 21 and 25.
• $37.51 billion in stablecoin loan volume, accounting for 81.7% of total stablecoin loans across chains.
• 3.18 billion non-vote transactions processed in September, an 8.3% increase month-over-month.

These metrics underscore Solana’s accelerating role as a hub for tokenized assets and financial innovation.

Market and regulatory backdrop

Solana’s tokenized-equity growth aligns with broader regulatory momentum, as the SEC’s conditional exemptions reduced uncertainty for blockchain-based trading of U.S. equities. This regulatory clarity has likely contributed to Solana’s dominance in tokenized stocks, with Kamino holding $20.7 million in xStocks collateral as of mid-September and platforms like Backpack Securities expanding their tokenized stock listings.

In the broader crypto market, Solana’s native token, SOL, was priced at $115.17 as of October 8, 2026, with a 24-hour decline of 2.89%. Its market capitalization stood at $68.27 billion, reflecting the blockchain’s growing ecosystem and investor interest.

While the timing of further catalysts remains uncertain, ongoing developments in tokenized assets, stablecoins, and DeFi suggest continued momentum for Solana.