Solana Surpasses Robinhood Chain with 1.5 Million Tokenized Shareholders

Solana has surpassed Robinhood Chain in the number of tokenized shareholders, reaching over 1.5 million compared to approximately 1.48 million for Robinhood Chain, with a gap of about 23,000 shareholders. BNB Chain remains in the lead with 1.93 million holders, while the total across networks is 5.13 million, with Solana accounting for about 29% of the total. Solana's growth in October was supported by new tokenized shares and simplified access through wallets and trading apps, with over 260,000 new holders added in the month. Backpack Securities and Sunrise introduced 20 tickers on Solana, including brands like Nike and Moderna, and CEO Armani Ferrante announced plans to expand the offering from 200 to 10,000 securities. On September 17, the SEC introduced a framework for trading tokenized shares, allowing Solana to surpass the one million holder threshold in a week. Unlike Robinhood Chain, which primarily attracted retail traders, Solana's growth is distributed among decentralized exchanges and wallets.

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