Solana Draws $348 Million In RWA Inflows But Ethereum Leads

Over the past thirty days, Solana has captured $348 million in net flows towards tokenized real-world assets. The blockchain thus outperforms other networks during this period, according to data provided by the RWA Foundation. This momentum raises the value of RWAs distributed on Solana to $4.23 billion. However, it is not enough to dethrone Ethereum across the entire market. In Brief Solana dominates recent RWA flows, capturing $348 million in thirty days. The value of RWAs on Solana reaches $4.23 billion, driven by increased holders and transfers. U.S. Treasury bonds and tokenized stocks are among the main drivers of this growth. Solana gains ground without dethroning Ethereum, which maintains a clear lead on total RWA value. Solana Accelerates on All RWA-Related Indicators The communicated $348 million corresponds to capital inflows over one month. This amount does not represent either the trading volume or the total value of tokenized assets on Solana. It measures the difference between capital entering and leaving this ecosystem during the observed period. The RWA Foundation stated : Solana leads the race. The network tops net RWA flows over the last thirty days, with $348 million directed to the blockchain. Several indicators help measure the scale of this evolution : $348 million in net flows were recorded over thirty days ; The distributed value of RWAs reaches $4.23 billion, up 11.79% ; The number of wallet holders amounts to 398,644, an increase of 17.63% ; The transfer volume over thirty days reaches $3.72 billion, up 8.38%. Statistics updated on September 5 reveal that growth is not solely based on asset revaluation. Indeed, transactions and the number of wallets are also increasing, indicating broad usage of the products available on the blockchain. However, one wallet does not necessarily equate to a distinct investor. The same individual or institution may control multiple addresses. This indicator thus measures the on-chain token distribution without precisely calculating the number of real users. U.S. Treasury Bonds and Tokenized Stocks Support Growth RWAs are financial or physical assets represented as tokens on a blockchain. On Solana, this category mainly includes U.S. Treasury bonds, money market funds, private credit, and tokenized stocks. U.S. public securities amounted to nearly $1.2 billion on the blockchain as of August 23, according to Solana Compass. Their value had thus increased by 16.1% in one month. Products such as Ondo’s USDY or BlackRock’s BUIDL fund also contribute to this expansion. Tokenized stocks represent another important driver. Products like xStocks enable trading on Solana of digital representations of U.S. stocks and ETFs. They can also be traded on Raydium, Jupiter, and Kamino Finance. Solana’s decentralized exchange platforms processed $5.8 billion in tokenized stocks in the second quarter of 2026.