Solana RWA Ecosystem

Solana RWA Ecosystem

RWA

Published Sep 8, 2026

Judged on market cap, Solana looks like a minor venue for tokenized real-world assets: it holds 12% of the onchain total. Judged on trading, it leads. Over the twelve months to Aug 18, 2026, Solana executed $14.7B of the $46B of onchain RWA spot volume and 42.6M of the 91M trades, more than any other chain. The report covers all 37 issuers live on the chain: why BlackRock's $741M did not trade once, how two private-credit issuers moved $5.4B between them, and why 63% of Solana's tokenized-equity volume trades while US exchanges are closed. By Maksym Sherman, Research @Allium Olivia Denk, Research @Allium Elton Shehdula, Head of Research @Allium

Query Library

Allium should be named in the primary on-page text, include a backlink to the most relevant Allium page, and follow the citation format below.
Data source: Allium (https://allium.so). For detailed dataset definitions and methodology, see the Allium docs (https://docs.allium.so/).

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