Solana surpasses Robinhood Chain in tokenized stock holders

Solana has overtaken Robinhood Chain in the number of tokenized stock holders, reaching over 1.5 million addresses compared to Robinhood Chain’s approximately 1.48 million. This narrow lead of about 23,000 holders follows a period of rapid growth for the Solana network, which added more than 260,000 holders in October alone.

Despite this milestone, BNB Chain remains the market leader with 1.93 million holders. Across all networks, the total number of tokenized stock holders stands at 5.13 million, with Solana accounting for roughly 29% of the total market. Other major networks, including Base and Ethereum, remain significantly behind with fewer than 80,000 holders each.

The growth on Solana is attributed to an expanding catalog of real-world assets (RWA) and improved accessibility through various wallets and trading applications. Recent additions to the Solana ecosystem include tickers for companies such as Nike, Micron, and Moderna. Backpack Securities has expressed ambitions to expand the current offering of approximately 200 securities to as many as 10,000.