Solana sees surge in tokenized stock volume and network activity

Solana is experiencing significant growth in blockchain-based financial activity. According to xStocks, the VIDAx platform recorded twice the trading volume on Solana compared to traditional stock exchanges over a 30-day period, highlighting the expanding role of tokenized equities within the ecosystem.

Network metrics also indicate high engagement, with Solana processing 3.18 billion non-vote transactions in September 2026. The network maintains a stablecoin supply between $17.3 billion and $17.5 billion and averages 888,000 daily active addresses. These figures suggest higher transaction capacity and stronger stablecoin usage compared to competitors like XRP.

On the market front, SOL is currently trading near $104. Analysts have identified $101 as a critical support level, with potential recovery targets set at $112 and $120 if buyer demand remains consistent.