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- Solana leads RWA with $13.5B tokenized assets, mostly stablecoins, highlighting its growing role in global financial infrastructure.
- Major institutions like BlackRock, Apollo, and Hamilton Lane are launching tokenized products on Solana with built-in compliance features.
A recent report from RedStone shows that the Solana network has recorded a tokenized asset value of approximately $13.5 billion.
This figure makes Solana increasingly prominent in the real-world asset (RWA) market on the blockchain. However, it’s worth noting that approximately 96% of this total still comes from stablecoins like USDC and USDT.
Currently, the amount of genuinely tokenized assets like bonds, private credit, and tokenized shares hovers near $700 million. Even though the balance is still skewed, the dominance is undeniable as rival networks have not caught up.
From Treasuries to Credit, Institutions Anchor on Solana
Solana’s strength lies not only in its fast and inexpensive transaction volume, but also in its ability to maintain stability.
In the past 12 months, the network has recorded 100% uptime with an average transaction finality of just 400 milliseconds. This gives major institutions confidence as they roll out tokenized products on the network.
BlackRock with BUIDL, VanEck with VBILL, and Hamilton Lane and Apollo with their credit products are clear examples of growing institutional interest.
Furthermore, reports further indicate that more than 90% of non-stablecoin assets are tied to U.S. government bonds. Leading this category are Ondo Finance’s USDY and OUSG, while Maple Finance has launched syrupUSDC to bolster private credit.
Meanwhile, stock tokenization is also gaining ground through the xStocks project, which offers trading of US stocks in tokenized form within the Solana wallet and DEX interface.
On the other hand, CNF reported last week that meme token trading activity on Solana’s DEX plummeted to below 30%. This decline indicates a decline in speculative interest from retail investors.
However, this trend was offset by a surge in trading volume for SOL, the stablecoin, which reached its highest level since December 2023. This signals that the Solana ecosystem is moving toward stability, rather than mere short-term speculation.
DeFi Milestone Signals Rising Institutional Momentum
Furthermore, Solana has also achieved a historic milestone in the DeFi sector. In mid-September, the network’s total value locked (TVL) reached a new record, surpassing the $13 billion milestone.
This surge was fueled by growing institutional interest and staking demand, which drove on-chain activity to unprecedented levels. Many see this achievement as a strong foundation for Solana to become an “internet capital market” directly connected to traditional assets.
Meanwhile, the price of SOL is currently trading at about $211.15. In the last 4 hours, the price fell 0.74%, but in the last 24 hours, it has slightly risen 0.73%.
Looking back to the 90-day period, SOL has surged 43.67%. Spot volume in the last 24 hours was recorded at about $1.70 billion. This price performance demonstrates that, despite short-term fluctuations, the medium-term trend remains strong.
