Solana RWA Transfers Top $8.7B as Activity Rises

Solana’s 30-day real-world asset transfer volume reached $8.68 billion as of July 6, a 105.76% increase from 30 days earlier. Distributed asset value on the network rose 36.27% to $3.48 billion, according to RWA.xyz.

Solana Foundation data showed tokenized asset spot volume on decentralized exchanges grew from $2.69 billion in the first quarter to $5.7 billion in the second quarter; the figure was near zero a year earlier.

Retail-oriented tokenized equities launched in mid-2025, branded as xStock and issued through Backed, provided tokenized exposure to U.S. companies including Tesla and Nvidia.

Institutional-style products accounted for substantial asset totals on Solana. BlackRock’s BUIDL fund represented about $615 million on the chain. Ondo’s USDY accounted for roughly $181 million, and Securitize-linked products held nearly $300 million in assets on Solana.

RWA.xyz recorded 293,558 RWA holders across 2,119 tracked assets, a 7.83% increase in holders over 30 days. The increase in holders was smaller than the rise in transfer volume.

The stablecoin market on Solana had a market capitalization of $16.02 billion and a 30-day stablecoin transfer volume of $541.34 billion as of July 6. The number of stablecoin holders declined over the same period.

Some tokenized funds and credit products on Solana operate through permissioned structures with know-your-customer checks for minting and redemption. Investor eligibility, redemption rules and off-chain legal arrangements affect how freely those assets move between wallets.

Token Terminal data show Ethereum held about 57.8% of tokenized fund assets under management in a $35.6 billion market. Solana’s network features lower transaction fees and faster settlement compared with some other chains.

Data cited in this report come from RWA.xyz, the Solana Foundation and Token Terminal and reflect the periods noted above.