According to the latest report from Messari, the total value of tokenized real-world assets (RWA) on Solana has exceeded 418 million USD, an increase of 140.6% since the beginning of 2025, narrowing the gap with leading competitors in this field.
Solana's growth rate in the RWA sector has been more than double the overall growth rate of the tokenized real asset market, which only reached 62.4% during the same period. Currently, Solana is the platform for many RWA tokenization projects, including stocks, U.S. Treasury bonds, and institutional funds being brought on-chain.
"Solana attracts projects due to its high transaction processing speed, nearly zero costs, and a strong developer ecosystem," said Matthew Nay, an analyst at Messari, in the report.
According to the analytics platform RWA.xyz, Solana holds a 3.9% share of the global RWA tokenization market. In terms of blockchain ranking, Solana is fourth after Ethereum (58.4%), ZKsync Era (17.2%), and Aptos (4%).
The two largest non-stablecoin RWA protocols on Solana are Ondo, with a USD yield fund, and ONe, with an institutional investment fund. These two projects hold a total of 277 million USD in tokenized real assets on the Solana network.
According to data from CoinGecko, Ondo's fund recorded cross-chain trading volume reaching 2.7 million USD in the past 24 hours. A portion of the revenue from these transactions is redistributed back to hosting blockchains like Solana.
In the past 30 days, Solana generated 3.9 million USD in revenue, according to data from Token Terminal. Meanwhile, Ethereum – the leading platform in the RWA sector – recorded revenue of up to 15.9 million USD during the same period.
RWA market capitalization exceeds 25 billion USD
Tokenization of real-world assets – one of the most prominent applications of blockchain – surpassed 25 billion USD in market capitalization on Wednesday. In the last 30 days, the market capitalization has increased by 6.3%, and it has risen by as much as 62.4% in the past six months.
The technology of RWA tokenization is attracting interest from traditional financial institutions due to its ability to shorten processing times, facilitate faster payments, and provide global access.
Blockchains are fiercely competing for market share. Aptos, a layer-1 blockchain developed by former Meta engineers, has seen RWA value increase by 52.7% in the past 30 days. Solana also rose by 14.6% during the same period, while Ethereum only increased by 3.6%.
