Solana's tokenized real-world asset (RWA) market surged to $553 million in 2025, recording a 217% year-to-date growth that more than triples the broader market's 61% expansion. This positions Solana as the third-largest RWA blockchain behind Ethereum ($7.7B) and ZKsync Era ($2.2B), overtaking Aptos with 4.2% market share.
Key drivers include institutional adoption through protocols like Ondo Finance and ONe, which collectively manage $276 million in non-stablecoin RWAs, and BlackRock's strategic move of $25.2 million from its BUIDL Treasury fund onto Solana. Retail participation skyrocketed, with unique wallets holding tokenized stocks surging 684% in 30 days from 7,400 to 58,000+.
Solana's technical advantages – including 200+ million daily transactions at near-zero costs and 16 months of uninterrupted uptime – enabled this shift from memecoin dominance to institutional utility. Infrastructure developments like the R3 Corda integration for enterprise settlement and Switchboard's RWA-specific oracles further solidify its foundation.
While Ethereum retains 58.4% RWA market dominance, its growth slowed to 3.6% in 30 days versus Solana's 14.6% surge. The global RWA market now exceeds $25 billion, growing 62.4% YTD.
