Solana is rapidly gaining ground in the tokenized asset space, showing impressive growth in 2025. Tokenized assets on the Solana blockchain have surged, exceeding $418 million, marking a 140.6% increase year-to-date. This growth rate more than doubles the expansion of the broader real-world asset (RWA) tokenization market, which grew by 62.4% during the same period. This surge signals Solana's increasing competitiveness in the blockchain arena.
Solana's appeal is attributed to its high throughput, near-zero transaction costs, and a robust developer ecosystem. These features make it an attractive platform for various RWA tokenization projects, including tokenized stocks, U.S. Treasuries, and institutional funds. As of a recent report, Solana holds 3.9% of the overall RWA tokenization market share, ranking fourth among blockchains.
While Ethereum dominates the RWA market with a 58.4% share, followed by ZKsync Era (17.2%) and Aptos (4%), Solana is quickly catching up. The network's increasing user engagement is evident, with a 631% surge in users over the past 30 days. This growth underscores Solana's expanding role in the tokenization of real-world assets, attracting more participants to its ecosystem.
Several factors contribute to Solana's growing success in the tokenization space. Its ability to offer blockchain-based alternatives to traditional stocks demonstrates its innovative capabilities and commitment to bridging finance and technology. The increasing institutional interest and innovative regulatory-compliant offerings further enhance market liquidity and attract a diverse range of investors.
Leading the RWA space, Ethereum has generated revenue of $15.9 million over the same period. Solana's staking metrics remain robust, with a current staking ratio of 66.5%. This indicates that a significant portion of the circulating supply is locked, potentially reducing immediate sell-side pressure. In comparison, Ethereum reportedly maintains a staking ratio below 30%, while Cardano's ADA sits at 58%.
Solana's ecosystem reveals substantial underlying activity and developer engagement. The network generated $271.8 million in revenue during the second quarter of 2025, reportedly exceeding Tron's revenue by 64% and more than doubling Ethereum's figure. User expenditure on decentralized application (DApp) fees reached $460 million over 30 days, incentivizing developer participation.
Looking ahead, Solana and Ethereum are positioned for potential growth as Wall Street's interest in stablecoins and tokenized stocks intensifies. Platforms like Robinhood and Kraken are facilitating this trend by offering tokenized stocks on Ethereum and Solana blockchains. Analysts predict that institutional adoption of tokenization could enhance the risk-adjusted returns of SOL and ETH in the medium to long term.
Solana's blockchain is powering the next evolution in capital markets. Traditional financial rails are ready for an upgrade, and Solana's blockchain is powering the next evolution in capital markets. With $21B in real-world assets already tokenized on public blockchains as of May 2025 and McKinsey projecting $2 trillion by 2030, the momentum is undeniable.
