SpaceX's Nasdaq debut turned Solana into the dominant venue for tokenized stock trading

The SpaceX Nasdaq IPO launched SPCX on Solana the same day and drove $4.3 billion in tokenized stock trading over 30 days, pushing Solana to 94% of all on-chain equity volume globally. A single high-profile listing did more for tokenized equities adoption than years of DeFi advocacy, raising serious questions for traditional brokers and exchanges about where equity trading infrastructure is heading.