Solana’s Tokenized Stock Boom Challenges Its Memecoin Reputation

• 65% of Solana’s tokenized stock trading happens outside US market hours.
• Tokenized stocks could help Solana move beyond its memecoin reputation.
• SOL demand may not grow at the same pace as tokenized stock trading.

Solana has often been linked to memecoins and risky crypto projects. But now, the network is showing interest in a different area- tokenized stocks. While these blockchain-based assets are gaining much interest from investors, Solana revealed that about 65% of tokenized stock trading on its network happens outside the US time zone. This growth underscores the blockchain’s evolution from speculation to real-world financial applications.

How Solana Built Its Memecoin Reputation and What Is Changing

Driven by its fast transactions and low fees, Solana became a popular blockchain network for memecoin trading. With these features, developers found it easy…

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