{"id":432250,"date":"2026-06-27T11:26:06","date_gmt":"2026-06-27T05:56:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/sol-bounced-to-72-as-tokenized-stock-trading-surges-but-will-it-hold-crypto-news\/"},"modified":"2026-06-27T12:06:46","modified_gmt":"2026-06-27T06:36:46","slug":"sol-bounced-to-72-as-tokenized-stock-trading-surges-but-will-it-hold-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sol-bounced-to-72-as-tokenized-stock-trading-surges-but-will-it-hold-crypto-news\/","title":{"rendered":"SOL Bounced To $72 As Tokenized Stock Trading Surges But Will It Hold? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">SOL\u2019s rebound to $72 shows bullish futures and airdrop hopes, but falling TVL and low DEX volumes point to fragile onchain demand.<\/li>\n<li class=\"\" style=\"\" value=\"2\">Tokenized stocks spark hype on Solana, yet Pump.fun dependence and Hyperliquid competition threaten sustained SOL momentum.<\/li>\n<\/ul>\n<p>Solana native token SOL jumped to $72 on Friday, distancing itself from the $64 lows the prior day. Part of traders\u2019 optimism stemmed from the stellar growth of tokenized stock trading, fueled by the AI sector. However, increasing competition in decentralized application networks could limit SOL\u2019s short-term upside.<\/p>\n<p><figure><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Solana tokenized stocks 24-hour volumes, USD. Source: Jupiter Aggregator<\/em><\/p>\n<p>Tokenized stocks on Solana traded over $113 million in 24 hours, according to Jupiter Aggregator data. However, the relatively thin liquidity in the automated market-making pools raised concerns, especially as multiple issuers compete for similar products. Still, some of those tokens launched only recently, which might explain the low number of holders in most cases.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1726.png\" width=\"896\" height=\"344\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1726.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Blockchains ranked by DeFi Total Value Locked (TVL), USD. Source: DefiLlama<\/em><\/p>\n<p>The Total Value Locked (TVL) on the Solana network dropped 11% over the past month, while the Ethereum layer-2 Base reduced the gap. Negative highlights on Solana TVL include a 19% decline in Kamino, a 20% trim by Binance Staked SOL, and a 17% decline in Raydium. The tokenization platform xStocks, on the other hand, posted 31% growth in TVL.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1727.png\" width=\"896\" height=\"307\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1727.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Solana weekly DEX volumes &#038; DApps revenue, USD. Source: DefiLlama<\/em><\/p>\n<p>Decentralized exchange (DEX) volumes on Solana fell to $10 billion per week from $30 billion in early February, coinciding with a downtrend in decentralized application (DApp) revenues. Thus, regardless of the successful launch of tokenized tech stocks and equity indexes, demand for SOL on blockchain processing remains subdued.<\/p>\n<h2>Solana\u2019s dependence on Pump.fun and increased competition in tokenized launches<\/h2>\n<p>More concerningly, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/pumpfun-over-third-solana-q1-revenue-memecoin-slowdown\"><span style=\"text-decoration: underline;\">30% of DApp revenue<\/span><\/a> on Solana came from the token launch platform Pump.fun, which depends heavily on memecoin activity. A CoinGecko <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/research\/publications\/average-lifespan-of-pumpfun-tokens\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">report<\/span><\/a> revealed that 80% of the 18.7 million tokens launched in less than 48 hours, while 55% of the addresses involved lost up to $1,000 according to Dune <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dune.com\/web3frank\/pumpfun-6-months-trader-analysis\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">data<\/span><\/a>.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1728.png\" width=\"896\" height=\"345\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1728.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>SOL perpetual futures annualized funding rate. Source: <\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.laevitas.ch\/assets\/perpswaps\/SOL\/funding\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\"><em>Laevitas<\/em><\/span><\/a><\/p>\n<p>Demand for bullish leverage on SOL futures increased on Friday, pushing the funding rate to its highest level in June. The current 10% level is far from displaying excessive confidence, as the 6% to 12% range is typically deemed neutral. Still, the 14% gains since the $64 low on Thursday managed to reverse the bearishness marked by negative funding rates.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/solana-captures-95-of-tokenized-equity-as-sol-bottom-debate-grows\"><span style=\"text-decoration: underline;\"><em><strong>Solana grabs 95% of tokenized equity as traders debate if SOL bottom is in<\/strong><\/em><\/span><\/a><\/p>\n<p>Part of SOL investors\u2019 optimism stems from anticipation of airdrops on the network, although the timing of those tokens&#8217; launch remains uncertain. Highlights include OnRe reinsurance with $200 million in TVL, Bulk perpetual DEX with an aggregate open interest of $325 million, and Loopscale lending platform at $79 million in TVL.<\/p>\n<p>It might be premature to claim that SOL is bound to reclaim the $80 mark, last seen on June 1, given increased competition in tokenized stock trading from Hyperliquid and centralized exchanges on competing blockchains. OKX, for instance, formed a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/nyse-owner-ice-oil-perpetual-futures-okx\"><span style=\"text-decoration: underline;\">strategic partnership with the NYSE<\/span><\/a> parent company using Ethereum-based systems.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: SOL\u2019s rebound to $72 shows bullish futures and airdrop hopes, but falling TVL and low DEX volumes point to fragile onchain demand. Tokenized stocks spark hype on Solana, yet Pump.fun dependence and Hyperliquid competition threaten sustained SOL momentum. Solana native token SOL jumped to $72 on Friday, distancing itself from the $64 lows [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":432254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-432250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/432250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=432250"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/432250\/revisions"}],"predecessor-version":[{"id":432259,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/432250\/revisions\/432259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/432254"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=432250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=432250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=432250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}