Solana nears $1B in tokenized RWAs, fueled by BlackRock’s BUIDL and Ondo’s USDY, signaling rising institutional adoption on-chain.
Solana is approaching a major milestone in tokenized real-world assets as on-chain data shows total value nearing $1 billion.
The growth follows recent expansions from BlackRock’s BUIDL fund and Ondo’s USDY product.
Solana Set to Become Third Chain Above $1B in RWAs
Solana is set to become the third blockchain to surpass $1 billion in tokenized RWAs.
Ethereum and BNB Chain previously crossed that threshold. Market data indicates Solana could reach the mark within the month.
A key driver of this growth is the expansion of BlackRock’s BUIDL fund. The fund added about $255 million in tokenized assets on Solana.
This increase contributed to a sharp rise in total RWA value on the network.
Tokenized real-world assets represent traditional financial products issued on blockchain rails.
These include funds, treasuries, and yield-bearing instruments. Solana’s recent inflows reflect rising institutional participation.
BUIDL and USDY Fuel On-Chain Asset Expansion
BlackRock’s BUIDL product has expanded across multiple chains. Its presence on Solana has added depth to the network’s asset base.
The $255 million allocation strengthened Solana’s position in the RWA sector.
Ondo Finance’s USDY has also played a major role. USDY accounts for about $175 million in tokenized assets on Solana.
The product offers exposure to short-term U.S. Treasury yields through blockchain infrastructure.
Solana is on the verge of becoming the third blockchain (after Ethereum and BNB) to surpass $1 billion in tokenized RWAs this month.
Driven by the BlackRock BUIDL expansion ($255M) and Ondo USDY ($175M), Solana has transitioned from a retail memecoin hub to the world’s most… pic.twitter.com/dUaJCw4uuZ
— Altcoin Buzz (@Altcoinbuzzio) February 20, 2026
Together, BUIDL and USDY represent a large share of Solana’s RWA growth.
Their combined value has accelerated the network’s approach to the $1 billion mark. Market observers note that institutional-grade products are gaining traction on the chain.
Related Reading: Solana Strengthens Position in RWA Sector With $1.66B Milestone
Shift From Memecoins to Internet Capital Markets
Solana was previously known for high retail trading activity. Memecoin launches and decentralized exchange volumes dominated headlines.
However, the recent rise in tokenized RWAs reflects a shift in usage patterns. The network now hosts a growing number of financial applications.
Developers are building tools for trading, settlement, and asset issuance. Liquidity in tokenized assets has increased alongside infrastructure upgrades.
Some analysts describe Solana as evolving into a hub for internet-based capital markets.
The presence of large asset managers and structured financial products supports this transition.
As tokenized RWAs approach $1 billion, Solana joins a small group of blockchains with sizable on-chain asset markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SOL breaks through 90 USDT, 24-hour gain of 0.66%
Gate News reports that on March 20, a certain CEX showed SOL surpassing 90 USDT, currently trading at 90.03 USDT, with a 24-hour increase of 0.66%.
GateNews1h ago
Solana DApps Fall to 18-Month Low, SOL Faces Risk of Retesting 80 Dollar Level
Solana ecosystem DApps revenue has dropped to $22 million, marking an 18-month low, while the derivatives market is also showing bearish signals with funding rates near 0% and option skew surging, reflecting institutional lack of confidence in the future. The rise of competitor Hyperliquid has further intensified the pressure, leading to erosion of Solana's market share in the derivatives sector.
MarketWhisper3h ago
Solana DApp Revenue Drops to $22 Million, SOL Price Falls 11% in Three Days to $87
Solana ecosystem decentralized application revenue has dropped to an 18-month low, with SOL price recently declining 11% to $87, while long positions have been liquidated. Despite strong performance in DEX trading volume, it faces intense competition in the perpetual futures market.
GateNews5h ago
Solana on-chain revenue hits 18-month low, SOL may test $80 level
The Solana ecosystem has come under pressure recently, with SOL's price retreating from $97.70 to $87, representing a three-day decline of approximately 11%. Sentiment in the derivatives market is insufficient, with funding rates approaching historic lows, and on-chain DApp revenue has dropped to an 18-month low. Despite relatively solid performance on decentralized exchanges, new products and competition are putting pressure on capital flows. SOL is expected to remain range-bound and weak in the near term.
GateNews6h ago
Forward Industries Borrows $40 Million for Share Buyback, SOL Holdings Show Paper Loss Exceeding $1.1 Billion
Forward Industries announced the repurchase of over 6 million shares, reducing outstanding shares by approximately 7.4%. This repurchase was partially funded by a $40 million cryptocurrency loan, aimed at capitalizing on the current stock price trading below net asset value. The company faces over $1.1 billion in book losses while holding over 7 million SOL tokens, with a market value of approximately $614 million, indicating unusual financial circumstances. Management emphasized that the share repurchase strategy reflects confidence in the long-term value of SOL.
MarketWhisper7h ago
Morgan Stanley advances Bitcoin ETF application: S-1 amendment has been submitted, with the ticker symbol MSBT.
Morgan Stanley has recently submitted a revised S-1 filing for a Bitcoin ETF planned for listing in the United States under the ticker symbol MSBT, with an initial issuance of 10,000 shares and expected fundraising of approximately $1 million. The firm may become the first major bank to directly issue a spot Bitcoin ETF. Market demand is being driven by self-directed investors, and improvements in the regulatory environment will facilitate capital inflows, driving expansion of the Bitcoin ETF market.
GateNews7h ago
