Tokenized stocks sitting on Solana and Robinhood Chain have crossed $152 million in combined DeFi deposits. That figure represents roughly 79% of the entire $192.6 million in tokenized-equity DeFi TVL across all chains, a concentration that says a lot about where this market is actually happening.
Solana commands the lion’s share at approximately $75.4 million, good for 64.5% of the global market in tokenized-stock DeFi deposits. Robinhood Chain, barely two months old, has already muscled its way to second place. The rest of the field, Ethereum included at around $15 million, is fighting over scraps.
From trading tokens to farming yield
Still, only about 5% of all tokenized equities have actually entered DeFi lending protocols. That’s a tiny fraction of a $3.1 billion total tokenized equity market cap. Solana hosts the largest share of that deployed capital, which tracks with its broader dominance in onchain equity trading.
In Q2 2026, Solana recorded $5.8 billion in tokenized-stock DEX volume. That’s roughly 95% of all onchain equity trading globally, a 114% increase from the prior quarter. Platforms like xStocks and Raydium have been the primary venues facilitating that flow.
Robinhood Chain’s aggressive entrance
Robinhood Chain launched on July 1, 2026, as a Layer 2 solution built on Ethereum, purpose-built for tokenized real-world assets. Within its first month, the platform’s tokenized equities reached an active market value of nearly $72.7 million. That represents close to a sevenfold increase from its early days, driven largely by trading activity in familiar names: tokenized GameStop hit a daily trading volume of $26.6 million shortly after launch, and Nvidia proved similarly popular.
Weekly spot volume across major chains reached approximately $3 billion in August 2026, with Robinhood Chain capturing a meaningful slice despite being the newest entrant. Grayscale has identified Solana, Robinhood Chain, and BNB Chain as the three leading platforms for tokenized equity volume.