Solana’s tokenized equity market has reached a new all-time high of $465 million in total supply, with the listings of Moderna and Eli Lilly shares via Backpack Securities and the Sunrise liquidity gateway. These two pharmaceutical stocks join existing listings from SpaceX and Micron, bringing the total of traditional equities tradable onchain to an unprecedented level. Solana now commands approximately 95% of all global decentralized tokenized-equity spot volume, with cumulative transactions exceeding several billion dollars since early 2026. Backpack-issued tokens represent only 5% of total supply on Solana but capture over 50% of weekly volume, illustrating the market’s concentration around a few active issuers.
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