TLDR

  • The tokenization of real-world assets on Solana increased by 10% in December 2025, reaching $873.3 million.
  • Solana ETF products had a total of $765 million in inflows by the end of the year.
  • The number of Solana RWA holders went up 18.4% to more than 126,000.
  • Solana generated over $110 million in app revenue within 30 days.

Solana began 2026 with increasing interest in tokenized real-world assets and a growing institutional presence. In the final month of 2025, the blockchain experienced a significant rise in RWA tokenization, setting a new all-time high for its ecosystem. Along with this, substantial inflows into Solana exchange-traded funds helped sustain its upward trend as the new year approached.

RWA tokenization rises to $873 million

According to RWA.xyz, the value of tokenized real-world assets on increased nearly 10% in December 2025. The total reached $873.3 million, with most assets backed by U.S. Treasury products. These include the BlackRock USD Institutional Digital Liquidity Fund, valued at $255.4 million, and the Ondo US Dollar Yield, worth $175.8 million.

New tokenized stock products like Tesla xStock and Nvidia xStock also contributed to the increase. Their market caps were $48.3 million and $17.6 million respectively. Institutional interest in these products continued to grow as more asset managers explored blockchain-based tokenization.

The number of users holding RWA tokens on Solana increased by 18.4% during the same period. This brought the total to over 126,000 holders, indicating broader participation from both retail and institutional users.

Solana closing in on $1B in tokenized RWAs

Solana is currently the third-largest blockchain for RWA tokenization in terms of total value. It is behind Ethereum, which has $12.3 billion in , and BNB Chain, which recently exceeded $2 billion. Solana is expected to cross the $1 billion mark if its current growth continues.

Crypto asset manager Bitwise suggested that could reach a new all-time high in 2026 if the United States passes the CLARITY Act. The legislation focuses on market structure and could speed up the adoption of blockchain tokenization. “We’re bullish on Ethereum and Solana,” said Bitwise, noting that both networks are likely to benefit from trends in stablecoins and tokenized assets.

ETF inflows and institutional expansion support SOL

Solana received further support in late 2025 when the U.S. Securities and Exchange Commission approved multiple . Six Solana ETFs were launched by the end of the year, bringing in a combined $765 million in inflows, according to Farside Investors.

Institutional payment systems also started adopting Solana in Q4 2025. Western Union announced it was building a stablecoin-based settlement platform on Solana. The platform is expected to serve over 150 million customers in more than 200 countries. It is scheduled to become operational in the first half of 2026.

On-chain activity remains strong

leads all blockchains in app-generated revenue, earning over $110 million in the past 30 days. This was almost twice the amount earned by Ethereum at $47.2 million, and ahead of Hyperliquid’s $61.1 million, as reported by .

This strong performance occurred despite a slowdown in memecoin activity. The network’s increasing utility in financial products, payments, and tokenization demonstrates a broader use case for its technology.