Backed’s tokenized U.S. equities, xStocks launched on the Solana blockchain, have experienced explosive growth since their June 30 launch, surpassing a remarkable $2 billion in trading volume within just six weeks. This unprecedented adoption is attributed to xStocks’ fractional ownership of real U.S. stocks and ETFs, backed 1:1 by actual shares held with regulated custodians. This recent case study from the Solana Foundation highlights these gains, showing xStocks have generated $500 million in on-chain volume alone, while decentralized exchanges contributed an additional $110 million within this period. Within just six weeks, xStocks reached a staggering cumulative volume of $2.1 billion and captured approximately 58% of all tokenized stock trading this year, with Solana holding the majority market share at $46 million out of the total $86 million in market value.