Solana leads the RWA holder rankings after surpassing every other blockchain by wallet count, according to RWA.xyz data for June 18.
The network recorded 285,971 RWA wallets, placing it ahead of Ethereum and BNB Chain as tokenized adoption spreads.
The wider tokenized asset market now has 924,469 holders across 35 networks. Solana accounts for about 31% of that total, compared with Ethereum’s 199,191 holders and BNB Chain’s 101,902.
RWA.xyz data also showed Solana’s holder base rising 29.3% over the past 30 days. The network first crossed 200,000 RWA holders in late April, adding nearly 85,000 wallets in under two months.
Ethereum Keeps Leading By Asset Value
Solana’s holder lead does not place it ahead by asset value. Ethereum remains the largest network by distributed RWA value, with $16.3 billion. That total is more than five times Solana’s $3.0 billion, while BNB Chain stands at $3.9 billion.
Still, Solana has gained ground in recent activity measures. Its distributed RWA value increased 14% over 30 days, while Ethereum’s total declined 4.7% in the same period. Solana also recorded $5.5 billion in RWA transfer volume over 30 days, up 66.94% month over month.
Solana Compass said the $4.4 billion in transfer volume recorded on June 11 showed strong turnover on a $2.7 billion asset base. That suggested tokenized instruments were changing hands actively rather than remaining idle.
Credit And Equity Products Lift Adoption
Several product launches have supported Solana’s RWA growth. Securitize expanded its Securitize Tokenized AAA CLO Fund, known as STAC, to Solana. Ethena Labs committed $250 million to the fund, adding major tokenized structured credit activity to the network.
Securitize co-founder and CEO Carlos Domingo said, “Tokenization is most powerful when it combines quality assets with the speed, efficiency, and accessibility of blockchain infrastructure.
Expanding STAC to Solana brings one of the largest fixed-income markets in the world onto one of the most active blockchain ecosystems. Ethena’s planned allocation further demonstrates how tokenized real-world assets are becoming core infrastructure for the next generation of finance.”
Other launches also contributed to activity. SurancePlus introduced tokenized reinsurance securities, while Shift RWA listed leveraged tokenized equities on Jupiter.
Backpack and Sunrise listed tokenized SpaceX stock the same day SpaceX debuted on Nasdaq.
Stablecoins Support Solana Distribution
Solana’s stablecoin rails have strengthened its role in tokenized asset distribution. RWA.xyz lists its stablecoin market capitalization at $15.6 billion, with 10.6 million holders.
In May, Western Union deployed USDPT on Solana for settlement across its global payments system. SoFi also made its bank-issued stablecoin available to nearly 15 million members through its app, using Solana blockchain technology in its enterprise banking system.
