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Points of Focus
- Solana’s RWA value crossed $4B for the first time, with 348,489 holders tracked by RWA.xyz.
- Non-stablecoin RWA value is now about 5.8x its late-September 2025 level near $700M.
- Distributed RWA value rose 10.0% in 30 days, while transfer volume fell 46.9% to $2.94B.
Solana’s real-world asset market has crossed $4 billion for the first time as tokenized funds, equities and credit products expand on the network. RWA.xyz data as of Aug. 24 shows $3.91 billion in distributed assets and $125.86 million in represented assets, taking the non-stablecoin total to about $4.04 billion.
The comparison with last year shows how quickly the category has grown. A Sept. 29, 2025 RedStone report using RWA.xyz data put Solana’s RWA value near $700 million. The current total is about 5.8 times that level in roughly 11 months.
Solana's RWA ecosystem hit a new ATH: $4B+ in total value pic.twitter.com/mfH1wbCoBS
— Solana (@solana) August 23, 2026
Solana RWA growth broadens beyond tokenized Treasuries
The holder base has expanded alongside asset value. RWA.xyz counts 348,489 RWA holders on Solana, up 10.74% over 30 days, while distributed asset value increased 10.02%. Stablecoins are excluded from the $4 billion figure and separately account for $15.88 billion on the network.
The asset mix has widened as well. A July Solana Foundation overview put BlackRock’s BUIDL holdings on Solana above $600 million and xStocks at $442 million. It also said 97% of cumulative onchain tokenized-equity spot volume had settled on Solana by late July.
New products have pushed beyond Treasury exposure. July additions included tokenized SECZ shares from Securitize, SBI Global Asset Management’s JX Japanese equity strategy, a Mubadala Capital fund share class with about $75 million in onchain commitments through KAIO, and Coinbase Asset Management’s CUSHY fund with $25 million in net asset value on Solana at launch.
Record Solana RWA value comes with weaker transfer activity
The record asset value has not been matched by higher transaction activity. RWA.xyz shows 30-day RWA transfer volume at $2.94 billion, down 46.89% from the previous 30-day period. That creates a useful counterpoint: more assets and holders are on Solana, but the tracked RWAs changed hands less frequently over the latest month.
Ethereum remains the larger RWA market. RWA.xyz’s network table puts distributed RWA value at about $17.3 billion on Ethereum, compared with roughly $3.8 billion on Solana, giving Ethereum a lead of more than four times.
As of Aug. 24, RWA.xyz tracked 2,678 RWA assets and 348,489 holders on Solana.
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