Solana Tokenized Stock Deposits Reach $75.4 Million, Ranking First

The DeFi deposits related to tokenized stocks of Solana (SOL) have been recorded at $75.4 million. This accounts for approximately 64.5% of the total tokenized stock DeFi deposits, placing Solana ahead of Ethereum (ETH), Binance Coin (BNB) chain, and Base. Tokenized stocks are on-chain assets created based on the prices of actual stocks or exchange-traded funds (ETFs), allowing users to hold them in blockchain wallets or trade them on decentralized exchanges. DeFi deposits include a structure where tokenized stocks are used as collateral for borrowing other assets through lending protocols. Recent reports have highlighted Solana-based DeFi platforms as prominent chains for tokenized stock deposits. The total value of Solana's tokenized stock open interest amounts to $535 million, with the Jupiter Lend's XStocks deposit pool exceeding $20 million. The tokenized stock deposits serve as an indicator that collateral functions are beginning to take shape within DeFi. Solana's official real asset page explains that tokenized government bonds, ETFs, metals, and stocks are being operated, reflecting the trend of tokenized stocks merging with traditional financial products.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.