Solana Holds 35% of Tokenized-Stock DeFi Value as U.S. Products Add $26.1 Million
Key Facts
Tokenized-stock value deployed in decentralized-finance applications on Solana stood at about $87.4 million out of $247.8 million on September 17, 2026, equivalent to 35.2%. The share measures assets used in DeFi, not trading volume. In a separate channel, U.S. Solana exchange-traded products drew $26.1 million of net inflows on September 21.
The Bitwise Solana Staking ETF (BSOL) drew about $14.4 million on September 21, while GSOL attracted roughly $7.8 million. The daily total was below the $47.62 million recorded on September 18 and the roughly $70.1 million series high set on November 3, 2025.
Net subscriptions can support demand for SOL if new share creation increases the fund's holdings of the underlying asset. BSOL targets 100% direct exposure to SOL and seeks to stake 100% of its SOL holdings, but the price effect of inflows also depends on the creation mechanism, market liquidity and the broader direction of crypto assets.
The latest EL7 data shows SOLUSD closed at $118.94 on September 23, 2026, within a $118.30-$119.21 range. Product flows measure net demand for listed instruments, while DeFi value measures capital deployed in applications; neither signal alone establishes user activity or predicts the direction of price.
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Update: In a related development for direct institutional adoption, DeFi Development Corp reported the purchase of an additional 101,300 SOL coins. According to reports, this transaction brings the firm's total holdings to approximately 2.49 million coins, reinforcing institutional demand momentum beyond the ETF space.