Solana Leads in Tokenized Stock Collateral with Over $20 Million

A report by Arrakis Finance reveals that Solana has surpassed other blockchains in tokenized stock collateral, reaching $20.7 million on Kamino as of September 13. This figure is three times higher than that of Ethereum, which holds $5.8 million across Euler and Morpho. The growth follows the launch of Backed Finance's xStocks on Solana, with Kraken recently introducing its own xStocks Vaults on the Kamino protocol.