Solana is now the main blockchain when it comes to dealing with tokenized commodities buying and selling on decentralized exchanges. Newest knowledge from Blockworks exhibits that the community now holds a 36% market share of tokenized commodities spot DEX quantity, forward of Robinhood Chain at 26%. Three weeks in the past, Solana’s share was simply round 1%.
Canton got here in third with 19%, adopted by Ethereum at 13% and BNB chain at 4%. HyperCore picked up about 1% and the remainder of the chains like Base, Polygon, Avalanche and Monad barely registered. The present composition right here is drastically totally different from a market Ethereum led nearly unchallenged all through final yr.
Management Has Modified Fingers Three Instances Since July
Ever since monitoring started via July 2026, Ethereum’s share of every day tokenized commodities DEX quantity hardly ever fell beneath 80%. Avalanche noticed a number of spikes in exercise round November final yr, although none of them lasted.
August was the primary month we noticed a noticeable shift within the sample. BNB Chain captured an enormous chunk of the market, at occasions taking nicely over half of the every day quantity. By the tip of August and till the center of this month, Robinhood Chain had climbed to the primary spot.
Each change has occurred quickly over the previous few weeks. The every day quantity inside this market continues to be small and the potential of these rankings altering primarily based on a single new itemizing continues to be very excessive.
New Commodity Merchandise Preserve Touchdown on Solana
Solana’s rise strains up with a run of launches on the community. Dominion Market introduced tokenized silver to the chain with its SILV token. GMTrade adopted with perpetual futures on gold, silver and oil, whereas lending protocol Kamino began accepting PAXG as collateral. Many of the ensuing circulation goes via Raydium.
The Kamino itemizing could matter most over time. Collateral use offers PAXG holders a motive to preserve tokenized gold on Solana slightly than bridging it again out, which might preserve feeding DEX exercise on the community.
Solana Nonetheless Holds a Fraction of the Property
Buying and selling exercise and asset worth paint very totally different photos. RWA.xyz knowledge as of September 25 exhibits Solana hosts $26.8 million in distributed tokenized commodities, simply 0.55% of the market. Ethereum holds $4.7 billion, or about 95%.
BNB Chain, at $87 million, and Arbitrum, at $85.8 million, every maintain greater than thrice Solana’s whole, regardless that Arbitrum barely exhibits up on the amount charts.
Robinhood Chain makes the hole even clearer. It holds $4.6 million in tokenized commodities, or 0.09% of the market, but it dealt with a few quarter of DEX quantity on September 23. Its asset worth has climbed 228.3% over the previous 30 days, the most important achieve among the many high 10 networks on RWA.xyz.
Solana a minimum of grew whereas most rivals shrank. Its tokenized commodity worth rose 1.09% over 30 days, in contrast with declines of 4.72% for Ethereum and seven.83% for BNB Chain.
Ethereum nonetheless custodies the overwhelming majority of provide, and whichever chain wins the buying and selling circulation is working with a a lot smaller pool of property. Three networks have already taken the highest quantity spot since July. How lengthy Solana retains it might come down to how a lot of that $4.7 billion it could possibly pull throughout.
