Solana Surges Past Ethereum in Tokenized RWA Market Share

Solana has taken the lead in tokenized real-world assets (RWA) among major blockchains, according to data from RWA.xyz. As of June 19, Solana boasted 285,971 wallets holding RWAs, accounting for approximately 31% of a total 924,469 holders across 35 networks.

This puts Solana ahead of Ethereum, which had 199,191 wallets holding RWAs, and BNB Chain, with 101,902. Solana's holder count has increased by 29.3% over the past 30 days, after surpassing 200,000 in late April.

The total value of decentralized RWAs on Ethereum stands at $16.3 billion, while Solana and BNB Chain have $3.0 billion and $3.9 billion respectively. Over the same period, Solana's RWA transfer volume totaled $5.5 billion, a 66.94% increase from the previous month.

The growth in Solana's tokenized RWA market can be attributed to the influx of new issuers, such as Securitize, which launched the 'Securitize Tokenised AAA CLO Fund' on Solana. This fund invests in collateralized loan obligations and has been allocated $250 million by Ethena Labs.