Solana, Ethereum Account for Approximately 92% of $101M in xStocks DeFi

Solana and Ethereum account for approximately 92% of the $101 million in xStocks-issued assets deposited in decentralized finance, concentrating xStocks DeFi deposits on the two networks.

Solana accounts for $56 million of the deposits, while Ethereum accounts for $37.1 million. Together, the networks account for $93.1 million of the total.

xStocks has issued $858 million in assets across eight blockchain networks. Solana hosts $502 million, followed by X Layer with $180 million and Ethereum with $160 million. Earlier coverage detailed xStocks’ multichain issuance.

The products are tokenized stock instruments designed to connect traditional financial assets with blockchain-based markets. They have expanded among international crypto users but remain unavailable to U.S. persons.

The latest allocation indicates that xStocks assets deposited in DeFi are heavily concentrated on Solana and Ethereum, even as the broader issuance spans multiple networks.