Tokenized stocks hit records in June. Look one layer down

Volumes surged 145% to a record $3.86B, and on Solana the tokenized RWA market set its own record at $3.62B. The demand is real.

Then check the depth. The deepest DEX pool behind those Solana numbers holds about $2.8M. Big headline number, thin actual market underneath.

That gap isn't cosmetic. Edel Finance found out the hard way this month: a wrapped Alphabet-stock token with effectively no on-chain market got inflated roughly 78x and drained ~$403K. The stock price never moved. The wrapper did.

The lesson holds for every RWA: a token can track an asset perfectly and still break, because what you're actually exposed to is the wrapper, the oracle, and the liquidity behind it.

Do you check the liquidity behind an RWA before you touch it, or trust the peg? 👇