Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.
"Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi. Going from 200 symbols to 10,000 is the next leap."
@armaniferrante@Backpack
7/ Superteam UAE Track
Build a Solana product with real utility, clear PMF, and the potential to grow beyond the hackathon. Strong execution, traction, and originality will stand out.
🔗 bit.ly/4hgLKPW
Amazing to see many new faces in this ecosystem call and learn about what they are building.
The superteam uae cooks some gorgeous event at hidden gem venues.
Met some cool designers and developers here.
Q3 2026 saw conviction growing on @solana across verticals. Key insights from our report:
✅ $SOL rose 54% in Q3, closing Sept 22 at its highest level of the quarter with a market cap of $69.9B, even as daily trading volume fell 43% from Q2. The number of wallets holding SOL grew 20.5% QoQ to 8.38M.
✅ Stablecoin market cap on Solana grew 8% in Q3 to $15.65B, while holders grew twice as fast, up 16% to 13.07M wallets.
✅ Card payments set new records: Q3 card volume reached $262.7M with the quarter still unfinished, up 17.5% on Q2 and already above its full total. August was the strongest month on record at $106.2M.
✅ Solana lending supply grew 25% in Q3 to $5.15B. RWA collateral on Kamino rose 6% in Q3 to $365 million, led by OnRe’s ONyc, which grew 88% to $197M.
✅ Solana’s RWA market reached $4.49B. Tokenized treasuries remain the largest category at $1.58B, driven by BlackRock’s BUIDL. SOL ETFs added about $340M in Q3, bringing cumulative net inflows to $1.47B.
✅ Tokenized stock holders passed 1M in Q3, up 269% from 279K. Headline DEX volume grew 17% to $5.76B.
✅ Bridged BTC holders rose 42% and WETH holders 22% QoQ. ZEC was the quarter’s momentum leader, with holders up 588% to 109K.
✅ Solana perps volume reached $431B YTD, up 48% YoY, and held its first-half pace in Q3.
Full report 👇
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Great to be at @SuperteamAE UAE event 💚
Dubai has the clearest crypto regulations and a global builder community. Its a city that moves as fast as we are moving at @kindworldlabs
Feels like exactly the right base for what we’re building.
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