Solana Tokenized Commodity Supply Reaches $50M as SILV Tops $4M in 24-Hour Volume
Dominion Market’s silver-backed token recorded more than $4 million in 24-hour volume during an August weekend session as Solana’s broader tokenized-asset value exceeded $4 billion.
Solana’s tokenized commodity supply reached $50 million by late August, adding to the network’s expansion in blockchain-based representations of assets such as silver and gold.
Dominion Market’s SILV recorded more than $4 million in 24-hour volume during an August weekend session. SILV represents digital exposure to physical silver held in allocated U.S. vault custody, with the token backed one-to-one by physical silver.
The commodity milestone formed part of broader expansion in Solana’s tokenized real-world assets. The network’s total value across commodities, equities, private credit and other tokenized assets exceeded $4 billion during August.
Raydium also surpassed $4 billion in cumulative trading volume for tokenized stocks through August. That figure covers equities and does not measure Raydium’s share of Solana’s commodity market.
Solana remained smaller than Ethereum in overall tokenized real-world assets during the second quarter. Ethereum’s value stood at $18.5 billion, compared with $3.6 billion for Solana, with both totals covering asset categories beyond commodities.
Tokenized commodities are blockchain-based instruments designed to track or represent assets including gold and silver. The available figures show increases in Solana’s commodity supply and trading activity, but they do not establish that Solana has overtaken Ethereum in the sector.
