RWA and Solana Corresponding Data Descriptions The current RWA assets within the Solana ecosystem have reached 84 types, with a total market capitalization of $700 million. Furthermore, the RWA transfer volume on the Solana chain in the past 30 days reached as high as $18 billion, with transaction volume second only to Ethereum. The total circulating market capitalization of RWA (excluding stablecoins) reached up to $38.5 billion in September 2025. According to BCG's forecast, the global tokenized market size is projected to reach $16.1 trillion by 2030. Ethereum occupies over 50% of the RWA market share. In contrast, Solana, through its intensive ecosystem development, holds 3.2% of the RWA market, ranking 7th among major public chains. With giants like BlackRock introducing billions of dollars of RWA assets to Solana via the Securitized platform, its RWA ecosystem has entered a phase of high-speed development.

Tokenized Treasury Bonds and Stocks Data Descriptions BlackRock BUIDL Fund, a representative in the tokenized treasury bond sector, has reached a total market capitalization (circulating supply) of approximately $2.852 billion, which is significantly higher than its market capitalization on Solana, which is around $175 million. The total market capitalization of the VanEck Treasury Fund (VBILL) is currently approximately $74.5146 million. The Annual Percentage Yield (APY) for Ondo Finance's USDY typically ranges between 4% and 5.2%, and its circulating supply had reached $250 million as of October 2025. Maple Finance’s treasury asset management solution, Maple Cash Management Pool, offers users a net Annual Percentage Yield (APY) of approximately 4.8%. xStocks, launched by Backed Finance on Solana on June 30, 2025, covers over 60 US stocks and ETFs, including Apple and Tesla. As of September 2025, the total market capitalization of top tokenized stocks was approximately over $53 million.

Real Estate, Private Credit, and Commodities Tokenization Data The total transaction volume of the Parcl protocol has exceeded $2 billion. Its PRCL token has a market capitalization of approximately $18.5287 million (as of October 2025), and its Market Cap/TVL ratio is about 3.36. The MetaWealth platform has currently tokenized 138 properties, manages $36 million worth of real estate, and listed three regulated RWA real estate bonds in April 2025. The real estate sector shows divergence: Homebase is currently inactive, while the MetaWealth platform has tokenized 138 properties and manages $36 million in assets; Parcl, in the form of a derivatives protocol, has attracted approximately $7 million in TVL. The size of the private credit market has grown from $250 billion in 2010 to approximately $2 trillion by 2025. The market capitalization for broadly-defined commodity-backed tokens reached $1.9 billion as of April 2025.

Outlook Solana's performance advantages, characterized by high throughput, low latency, and low transaction fees, make it an ideal platform for processing RWA transactions (especially small-value and real-time transactions). Although Solana’s RWA market share is only around 3.2% (ranking 7th), its ecosystem has generated $18 billion in RWA transfer volume in the past 30 days, second only to Ethereum, indicating immense performance-driven growth potential. The RWA ecosystem on the Solana chain covers five categories: stablecoins, treasury bonds, private credit, real estate, and commodities. Leveraging its advantages of high throughput and low cost, it demonstrates significant potential in the RWA sector. However, challenges such as network stability issues, compliance and regulatory hurdles, and intense market competition remain major obstacles to its development. In the future, Solana must overcome these challenges through technical optimization, development of compliance solutions, and ecosystem expansion to become an important platform connecting traditional finance and blockchain, thereby achieving long-term sustainable development.