Solana simply posted the biggest 30-day improve in tokenized US Treasury exercise amongst all blockchain networks, including $378M in internet inflows.
The broader tokenized Treasury market hit $16.23B in whole distributed worth as of August 15, in line with information from RWA.xyz. That determine represents a 1.81% improve over the previous 30 days, with Solana, Ethereum, and BNB Chain main the cost.
Solana’s institutional second
BlackRock’s BUIDL fund, Ondo Finance’s USDY, and Galaxy Digital’s SWEEP (which at the moment holds roughly $161M) all now function on Solana. Add in VBILL, and the community has quietly assembled a roster of institutional-grade Treasury merchandise.
Ethereum nonetheless runs the present, however the hole is narrowing
Regardless of Solana’s progress spurt, Ethereum stays the undisputed heavyweight in tokenized Treasuries, commanding roughly 43% of the whole market share. BNB Chain sits in second place with round 31.5%.
The highest three merchandise by dimension let you know all the things about who’s successful the issuance race. USYC leads with roughly $3.0B, adopted by BUIDL at roughly $2.7B and USDY at round $2.15B.
The tokenized Treasury market now spans almost 18 totally different blockchain networks.
From below $1B to $16B in two years
In early 2024, your complete tokenized US Treasury market sat beneath $1B. Now it’s north of $16B, a roughly 16x enlargement in below 30 months.
The broader tokenized real-world asset ecosystem, which incorporates all the things from personal credit score to actual property, now exceeds an estimated $30B to $38B in whole worth.
Merchandise like BUIDL and USDY include switch restrictions and accredited-investor necessities baked into their good contracts, permitting these tokens to exist inside current regulatory frameworks.
