Solana Dominates Pre IPO Market With 78% Share

Solana is rapidly becoming the go to network for trading pre IPO exposure to major AI companies. New data shows that the PreStocks platform on Solana has captured 78% of the total trading volume for tokens tracking OpenAI and Anthropic. Since launching in September 2025, the platform has processed over $414 million in volume, solidifying its lead after rival platforms scaled back their operations.

These tokens allow investors to trade exposure to private companies through special purpose vehicles. By moving this activity onchain, traders gain the ability to move positions around the clock. This trend mirrors the earlier success of SpaceX tokens on Solana, where users flocked to the network to speculate on company valuations ahead of official public listings.

While the growth is impressive, the market remains thin. Daily volume on slower days can drop near $100,000, which can lead to significant price gaps compared to actual private funding rounds. Analysts are now watching for an official IPO filing from OpenAI or Anthropic, which will serve as the ultimate test for whether these tokenized markets can maintain their momentum.

Beyond retail speculation, institutional interest is also rising. Major players like BlackRock have started filing for tokenized fund shares on Solana, signaling that the network is moving toward a more professional infrastructure. Whether this attracts more long term capital remains the key point to watch as the ecosystem continues to mature.