Fidelity says Solana weekly transactions reached 15% of major U.S. stock exchanges

Solana’s weekly transaction count temporarily surpassed the New York Stock Exchange, according to a Fidelity Digital Assets analysis. In a report, Fidelity said Solana averaged about 95.9 million weekly transactions this year, equal to roughly 15% of the transaction volume handled by major U.S. securities exchanges. The report said the ratio was just 0.3% in 2022, while Solana’s weekly transaction count increased about 100-fold over the period analyzed. Trading in tokenized assets also surged, with monthly volume for tokenized assets on Solana rising from about $100 million in June last year to about $5 billion in September this year. Over the past 12 months, notional trading volume on Solana-based perpetual futures platforms also exceeded $590 billion.