Solana Surges Ahead in Real-World Asset Growth as 2025 Takes Shape
The momentum behind tokenized real-world assets (RWAs) is accelerating, and Solana has emerged as the fastest-growing platform in this space. Since the beginning of the year, Solana’s RWA market has expanded by 218%, outpacing Ethereum’s growth rate by more than double.
While Ethereum still holds a higher total value in RWAs, Solana is quickly narrowing the gap. According to data from RWAxyz, the value of tokenized RWAs on Solana jumped from $173.8 million in January to $553.8 million—an impressive gain. In comparison, Ethereum’s RWA value rose from $4.3 billion to $7.7 billion over the same period, marking an 81% increase.
Across the board, the RWA sector has grown significantly this year, with total on-chain value rising from $8.6 billion to $25.5 billion—a 196% increase. This widespread growth highlights the sector’s rising relevance and the intensifying competition among blockchain networks.
Recent analysis from Messari supports Solana’s surge, pointing to strong performance in its yield-generating RWAs. In particular, Ondo Finance’s OUSG and USDY tokens have made a major impact. Together, they represent about 60% of Solana’s RWA market (not including ONyc), with a combined value of $248 million.
While stablecoins remain the dominant type of RWA on both Ethereum and Solana, tokenized treasuries are beginning to carve out their own space, signaling a shift in investor interest.