Solana RWA Transfers Rise 47% as Distributed Value Stays Near $4.39B

Solana’s tokenized real-world asset (RWA) transfers rose 47.28% over 30 days to $9.09 billion, while distributed asset value stayed near $4.4 billion in an Oct. 16 snapshot.

Distributed asset value was $4.39 billion, down 0.09% from 30 days earlier. The network had 907,329 RWA holders, up 46.47%, and listed 3,457 RWAs. Represented asset value stood at $125.86 million, a separate measure from distributed value.

The figures show rising transfer activity alongside a nearly unchanged total value of distributed assets. The $4.39 billion figure does not refer to the market capitalization of Solana (SOL).

Ethereum’s distributed asset value was $16.86 billion in the same-date snapshot, putting Solana’s total at about 26% of Ethereum’s. Ethereum’s figure was down 1.22% over 30 days.

Over the prior year, Solana’s RWA value rose from about $700 million to $4.3 billion, while Ethereum’s increased from $15.5 billion to $16.6 billion. Solana’s share of Ethereum’s value grew from 4.5% to 26% over that comparison. The yearlong increase in Solana’s RWA value preceded the latest month’s near-flat distributed value.

Some of Solana’s tokenized assets are also being used in decentralized finance (DeFi). More than $500 million in RWA value was active in Solana DeFi protocols, equal to about 8% of the network’s net value locked. More than $65 million in tokenized equities were earning yield, and xStocks could be used as collateral on Kamino and Jupiter Lend. These figures describe DeFi use, rather than all RWA value distributed on Solana.

Tokenized RWAs represent claims connected to off-chain assets, including U.S. Treasury debt, asset-backed credit, stocks, curated strategies and commodities. The rights attached to each product can differ; tokenization alone does not establish direct ownership or voting rights.