Solana’s Real World Assets (RWA) ecosystem reached new milestones in June and early July. The network posted record growth across tokenized equities, RWA, stablecoins, decentralized finance (DeFi), and digital collectibles.
Blockchain has also strengthened its position as the leading network for tokenized stock trading and RWA adoption with active users.
Solana dominates tokenized stock trading
Solana said that in June, about 95% of all on-chain tokenized stock transactions took place on its network. The cumulative trading volume of tokenized stocks reached $10 billion, an increase of about 180% month-on-month.
One of the biggest trading events took place on the day of SpaceX’s IPO. Backpack’s SPCX token generated $108 million in trading volume within 24 hours.
Market analyst Defi Rocketeer pointed out that Ethereum remains the largest blockchain in terms of outstanding RWA, at around $16.6 billion. BNB Chain follows with around $3.6 billion, followed by Solana with around $2.5 billion.
However, analysts argued that Solana is leading in usage rather than issuance of RWAs. According to analysts, 97% of the cumulative on-chain spot trading volume of tokenized stocks occurred on Solana. This strengthens the network’s role as a leading market for tokenized stocks.
RWA value reaches all-time high
Solana said the value of real-world assets on its network reached an all-time high of $3.6 billion in June. This represents a 33% month-on-month increase. The number of RWA holders also exceeded 292,000.
Solana’s RWA market grew from $873 million in January to $3.62 billion through July, according to additional data from OKX Ventures. This is a 315% increase in six months and a new record high.
Meanwhile, Token Relations reported that Solana currently leads all blockchain networks in the number of RWA holders, with 295,357 wallets.
Of the network’s 15 largest RWA products by holder, 12 are tokenized stocks. The remaining three are Orogold’s GOLD token, Ondo Finance’s US Dollar Yield product, and OnRe Finance’s tokenized reinsurance product.
Growing payments, DeFi, and institutional adoption
Several large financial institutions expanded their integration with Solana during June. Mastercard launches on-chain stablecoin payments in over 210 countries. MoneyGram, Toss Bank, and KG Inicis have also selected Solana for their new payments initiatives. Toss Bank plans to test stablecoin-based money transfer services on its network.
Solana also reported that June spot trading volume exceeded both Coinbase and Kraken on daily and weekly measurements.
The network also introduced Frontier Traders, a global incentive program that offers commission rebates and other perks to active traders.
According to Defi Rocketeer, in the first quarter of 2026, Solana accounted for 41% of on-chain spot trading volume. This exceeded the combined share of Ethereum and its Layer 2 network.
The analyst also said more than $3 billion worth of RWA has been transferred to Solana in the past 30 days.
Infrastructure grows beyond token issuance
Analysts say Solana’s benefits extend beyond issuing tokenized assets. This network now supports a broader financial infrastructure built around these assets.
Its ecosystem includes issuing platforms such as Securitize, Ondo Finance, Superstate, xStocks, and Centrifuge. Oracle providers such as Pyth Network, Chainlink, RedStone, and Switchboard provide price data for tokenized assets.
On the lending side, Kamino, Jupiter Lend, and Loopscale allow tokenized assets to be used as collateral. On the other hand, decentralized exchanges such as Jupiter, Raydium, Meteora, and Orca support secondary market trading.
Defi Rocketeer described Solana as an ecosystem where tokenized assets can be “issued, priced, traded, borrowed, looped, and settled” on a single blockchain. The analyst said this positions Solana not just as a venue for asset issuance, but as an increasingly active market for real-world assets.
Related: Tiger Research points out that RWA tokenization should move offshore first as regulatory gaps persist
