Kraken Adds Solana DEX Trading to Its Mobile App for 10M+ Users
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Kraken Adds Solana DEX Trading to Its Mobile App for 10M+ Users

By Samuel

Kraken adds Solana DEX trading to its app as Solana records $116M in tokenized equities volume, led by SPCX.

Kraken has added Solana DEX trading to its core mobile app for more than 10 million users. 

The update gives users access to thousands of Solana-based tokens through one mobile platform.

The integration connects Kraken’s centralized exchange app with decentralized trading activity on Solana. 

It also expands token access without requiring users to leave the Kraken mobile interface.

The launch comes as Solana records strong activity in tokenized equities trading. Recent data showed Solana processed $116 million in tokenized equities volume yesterday.

That volume represented 94% of the total recorded across all chains. SPCX led the category with nearly $90 million in daily trading volume.

Kraken Expands Solana Trading Access

Kraken’s new Solana DEX feature brings decentralized token trading into its main app. Users can now reach Solana tokens through the same mobile product they already use.

The exchange said the integration supports access to thousands of Solana-based assets. As a result, Kraken users have a wider path into on-chain markets.

This update places Solana DEX trading closer to regular exchange users. It also reduces the need to use separate tools for decentralized token swaps.

Kraken has served both retail and advanced crypto traders through its mobile products. 

Therefore, the Solana update may increase exposure to decentralized markets among existing users.

The feature also reflects growing exchange interest in on-chain trading access. Centralized platforms are adding more tools linked to decentralized finance activity.

Solana Leads Tokenized Equities Volume

Solana recorded $116 million in tokenized equities volume yesterday, according to the shared market data. 

That placed the network far ahead of other tracked chains for the day. Tokenized equities are blockchain-based assets tied to traditional stock market products. 

They allow crypto users to trade stock-linked tokens through supported blockchain platforms.

Solana captured 94% of the total tokenized equities volume across all chains. Therefore, most of the reported activity in this category took place on Solana.

The data shows strong demand for Solana-based markets beyond standard crypto tokens. It also connects the network with growing interest in real-world asset trading.

This activity gives traders another reason to track Solana market data. Volumes in tokenized equities can change quickly across venues and chains.

Read Also:

Solana RWA Ecosystem Hits $2.95B ATH as Tokenized Stocks Drive Fresh Growth

SPCX and Backpack Drive Daily Trading

SPCX was the most traded tokenized equity asset in the reported daily data. The token recorded nearly $90 million in volume during the same period.

Backpack handled 95% of SPCX trading volume, according to the shared figures. That made Backpack the main platform behind the token’s daily activity.

The concentration of SPCX trading shows how one venue can shape tokenized equity volume. It also shows how specific assets can drive chain-level market share.

Kraken’s Solana DEX rollout arrives during a busy period for Solana trading. The network is seeing activity across tokens, decentralized exchanges, and tokenized equities.

For crypto market watchers, the update links user access with rising Solana transaction activity. 

Kraken’s 10 million-plus users now have direct mobile access to Solana DEX markets.

Samuel

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Samuel

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