Solana’s tokenized Grindr stock nears $31M in trading volume, nearly doubling NYSE figures

A tokenized version of Grindr’s stock launched on Solana on September 10 and promptly did something its NYSE counterpart hasn’t managed: it generated over $31 million in trading volume within 24 hours, nearly doubling the dating app’s traditional equity volume from the prior session. Grindr’s NYSE listing moved roughly $16.6 million the day before the token launch. Its average daily volume sits around $25 million. A blockchain copy of the same stock, trading under the same $GRND ticker but on decentralized exchanges, beat both numbers before the sun set twice. How a dating app stock became Solana’s breakout trade The tokenized $GRND was launched through Backpack Securities and the Sunrise liquidity protocol, the same infrastructure behind Solana’s growing suite of tokenized equities. Early action was concentrated on Raydium, Solana’s largest decentralized exchange, with StonkFun’s pairing features helping to channel initial liquidity. Within the first two hours alone, $GRND recorded $14.1 million in volume, a figure that would have accounted for roughly 85% of Grindr’s entire NYSE session the day before. Backpack CEO Armani Ferrante suggested the milestone could represent the first...