Tokenized equities as quote assets/Solana/NYSE closed/2026-09-24 09:35 UTC

Wall Street is the denominator now.

Memecoins on Solana are no longer priced in SOL. They are priced in GameStop, in Gold, in Lockheed Martin. This is every coin currently quoted against a tokenized stock, across all three issuers, and how much of it is real.

Which tokenized versions are genuinely issued, which actually trade, and what is priced against them.

Coins quoted in stocks

1,181

Their 24h volume

$37.5M

Stock tokens listed

1,645/ 102 traded

Holders of tokenized stock

1014k

Three issuers, very different shapes

Every tokenized stock on Solana comes from one of three issuers, and they are not alike. Backpack has the fewest tokens and the most action.

xStocks

issued by Backed

Tokens listed1,124
Actually trade30
Used as denominators30
Quoted volume 24h$26.3M

Backpack

issues the Sunrise range

Tokens listed61
Actually trade59
Used as denominators59
Quoted volume 24h$10.4M

Ondo

Ondo Finance

Tokens listed448
Actually trade2
Used as denominators0
Quoted volume 24h$0

PreStocks

pre-IPO equity

Tokens listed9
Actually trade8
Used as denominators7
Quoted volume 24h$711k

Tessera

pre-IPO, tesseralab.co

Tokens listed3
Actually trade3
Used as denominators2
Quoted volume 24h$51k

The denominator board

Ranked by the 24-hour volume of coins quoted against each stock. The name beside the bar is the largest coin using that stock as its unit of account. 24/7 marks a stock with an always-on Pyth reference price.

HIMSHims & Hers Health
20 coins
goon
$5.84M
SPCXxSpaceX24/7
11 coins
GROK
$5.33M
NVDAxNVIDIA24/7
10 coins
SI
$5.28M
GLDxGold
8 coins
GP
$4.50M
SPYxSP500
12 coins
STONK
$4.08M
METAxMeta24/7
18 coins
LILY
$2.33M
MSFTxMicrosoft24/7
23 coins
MINECOIN
$1.21M
QQQxNasdaq
11 coins
NightTrader
$926k
GRNDGrindr
22 coins
RASMR
$774k
PLTRxPalantir24/7
22 coins
GOYIM
$696k
MCDxMcDonald's
20 coins
GOY
$599k
COPXGlobal X Copper Miners ETF
20 coins
COPPERINU
$585k
CRWVCoreWeave
10 coins
CORECAT
$515k
GMExGamestop
15 coins
OCC
$477k
HOODxRobinhood24/7
22 coins
WIGGA
$419k
TTWOTake-Two Interactive Software
22 coins
GTAVI
$375k
ANTHROPICAnthropic PreStocks24/7
18 coins
CATGTGTATCGCATGTT
$357k
BOTRoboStrategy
14 coins
GROK
$328k
OPENAIOpenAI PreStocks24/7
19 coins
AEON
$309k
CYPHCypherpunk Technologies
12 coins
CYPHERCAT
$304k
SNDKSandisk24/7
7 coins
AMBA
$205k
RBLXRoblox
24 coins
ROBUX
$180k
NKENike
19 coins
Sydney
$165k
IONQIonQ
17 coins
WCAT
$151k
USOUnited States Oil Fund, LP
20 coins
Dieselinu
$137k

Priced in equity

The forty largest coins by 24-hour volume, each with the stock it settles in. Anything marked platform is a launchpad or treasury token rather than an independent coin, so its volume reflects that platform, not demand for a memecoin.

CoinDenominated inIssuerVenueLiquidity24h volume24h
1 SINVDAxxStocksraydium$305k$4.88M+82.3%
2 goonHIMSBackpackpumpswap$84k$3.78M+917.0%
3 GROKSPCXxxStocksraydium$263k$2.95M+70.6%
4 STONKplatformSPYxxStocksraydium$5.05M$2.46M+4.3%
5 GPGLDxxStocksraydium$501k$2.00M+39.6%
6 GAYMFGLDxxStocksraydium$52k$1.62M+523.0%
7 upSPYxxStockspumpswap$26k$1.49M+19.3%
8 SPCXSPCXxxStocksraydium$195k$1.12M-3.3%
9 goonHIMSBackpackraydium$9k$997k-83.1%
10 LILYMETAxxStocksraydium$17k$978k-36.5%
11 C𝕏SPCXxxStocksraydium$11k$814k-69.7%
12 MINECOINMSFTxxStocksraydium$67k$735k+341.0%
13 RASMRGRNDBackpackraydium$14k$683k-56.4%
14 GOYIMPLTRxxStockspumpswap$9k$615k-80.9%
15 NightTraderQQQxxStocksraydium$6k$556k-91.7%
16 WOWGLDxxStocksraydium$136k$498k+68.9%
17 jorkinHIMSBackpackpumpswap$5k$339k-90.9%
18 LinkedInuMSFTxxStocksraydium$115k$334k+47.1%
19 MUSEINUMETAxxStocksraydium$7k$332k-88.4%
20 AEONOPENAIPreStocksraydium$44k$301k+238.0%
21 GROKBOTBackpackraydium$137k$287k-27.2%
22 MuseifyMETAxxStocksraydium$23k$284k+29.7%
23 COPPERINUCOPXBackpackraydium$24k$275k+251.0%
24 GOYMCDxxStocksraydium$6k$265k-92.5%
25 COPCATCOPXBackpackraydium$34k$240k-48.8%
26 CYPHERCATCYPHBackpackraydium$101k$208k-26.7%
27 GoonerHIMSBackpackpumpfun$208k+111.0%
28 SIDELINEDSPCXxxStocksraydium$18k$205k-21.7%
29 CORECATCRWVBackpackraydium$5k$201k-94.8%
30 VRCATMETAxxStocksraydium$29k$199k+101.0%
31 SCARGLDxxStocksraydium$17k$198k-30.7%
32 WIGGAHOODxxStocksraydium$39k$180k+265.0%
33 goonHIMSBackpackpumpfun$163k+924.0%
34 WIGGAHOODxxStocksraydium$4k$159k-95.5%
35 JIZZCOINMETAxxStocksraydium$16k$155k-11.1%
36 RICHQQQxxStocksraydium$11k$150k-68.8%
37 OCCGMExxStocksraydium$4k$149k-94.9%
38 ROBUXRBLXBackpackraydium$50k$147k+97.8%
39 AMBASNDKBackpackraydium$118k$145k-3.5%
40 MCDMCDxxStocksraydium$24k$138k+53.8%

The same company, two prices

Some companies are tokenized by more than one issuer. Where the company is public, the issuers agree almost exactly: there is a Pyth feed and a real market to arbitrage against. Where it is private, there is neither, and the prices come apart.

SPACEX

387% apart
TokenIssuerPriceLiquidity24h volumeFeed
tSpaceXTessera$563.36$124k$520knone
SPACEXPreStocks$115.69$112k$12knone

KALSHI

89% apart
TokenIssuerPriceLiquidity24h volumeFeed
tKalshiTessera$447.12$190k$430knone
KALSHIPreStocks$846.63$98k$38knone

OPENAI

31% apart
TokenIssuerPriceLiquidity24h volumeFeed
tOpenAITessera$1038.19$504k$2.39M24/7
OPENAIPreStocks$1362.57$926k$2.10M24/7

AMD

2.7% apart
TokenIssuerPriceLiquidity24h volumeFeed
AMDBackpack$601.34$143k$316knone
AMDxxStocks$617.67$15k$1knone

HOOD

0.8% apart
TokenIssuerPriceLiquidity24h volumeFeed
HOODxxStocks$119.95$1.14M$2.29M24/7
HOODBackpack$120.95$169k$170k24/7

SPY

0.5% apart
TokenIssuerPriceLiquidity24h volumeFeed
SPYxxStocks$762.45$6.28M$22.0Mnone
SPYonOndo$766.43$9k$2knone

INTC

0.4% apart
TokenIssuerPriceLiquidity24h volumeFeed
INTCxxStocks$118.80$99k$250k24/7
INTCBackpack$118.32$90k$84k24/7

MSTR

0.3% apart
TokenIssuerPriceLiquidity24h volumeFeed
MSTRxxStocks$156.97$1.05M$2.83M24/7
MSTRBackpack$156.58$278k$843k24/7
Part of a wide gap may be denomination rather than disagreement. One issuer's token can represent a different slice of a share than another's. That is the problem, not a caveat to it: for a private company there is no reference price published anywhere, so a buyer cannot tell which of the two they are looking at. For the public names on this list, they can.

The oracle gap

Pyth publishes two feeds per ticker: a session feed that stops at 16:00 ET, and an always-on Equity.Index feed. Only 24 of the 98 stocks being used as denominators have the always-on one.

HIMSSPCXNVDAGLDSPYMETAMSFTQQQGRNDPLTRMCDCOPXCRWVGMEHOODTTWOANTHROPICBOTOPENAICYPHSNDKRBLXNKEIONQUSO
74 of the top denominators have no 24/7 reference price. HIMS, GLDx, SPYx, QQQx, GRND, MCDx, COPX, CRWV all carry coins that trade around the clock with nothing to price them against once the closing bell goes. The US market is shut right now. It reopens Thu, 24 Sep 2026 13:30 UTC.