Solana Surpasses Ethereum as Leading Blockchain for Real-World Assets

Solana has become the leading blockchain in terms of real-world asset (RWA) wallets, surpassing Ethereum and BNB Chain. According to data from RWA.xyz, Solana recorded 285,971 wallets with RWA exposure as of June 18, representing approximately 31% of the 924,469 holders distributed across 35 networks globally.

Ethereum ranked second with 199,191 wallets, followed by BNB Chain with 101,902. The growth rate on Solana is significant, with the RWA user base growing 29.3% over the past 30 days.

The network surpassed the threshold of 200,000 wallets only in late April, meaning it added nearly 85,000 new holders in under two months. This record was highlighted by the RWA Foundation, a sector association dedicated to promoting the adoption of tokenized assets.

Solana's rapid expansion is attributed to several factors, including the arrival of institutional issuers, pre-existing infrastructure, and stablecoins. Securitize launched its STAC fund, a tokenized exposure to investment-grade collateralized loan obligations, on Solana, while Ethena Labs committed $250 million to the fund.

Carlos Domingo, co-founder and CEO of Securitize, noted that 'tokenization reaches its greatest potential when it combines quality assets with the speed and accessibility of blockchain infrastructure.'