Solana Onchain Economy Taking Over 🔥
Castle Labs dropped the numbers and Solana’s tokenized RWA market exploded by more than 600% in the past year jumping from 700 million to 4.3 billion. That puts it miles ahead of Ethereum where the tokenized market only grew 7% from 15.5 billion to 16.6 billion 💀. For context Solana’s RWA scene was just 4.5% of Ethereum’s size a year ago but now it’s sitting at 26% 🌑. The growth happened as Solana keeps building its DeFi ecosystem and pulling in more assets beyond pure speculation. The network is now serving up access to US Treasury debt asset backed credit tokenized stocks commodities and curated investment plays. Tokenized stocks alone went from 63 million to 455 million in market value 📈. More than 65 million in tokenized equities on the chain are getting used to earn yield. A ton of that action comes from xStocks whose stuff can be put up as collateral on lending spots like Kamino and Jupiter Lend. This opens way more options than just holding tokenized shares ✨. The same trend is rolling through other RWA categories too. Ondo related reinsurance exposure is live via ONyc from OnRe while Hastra is pushing PRIME and AUTO backed by home and consumer auto loans. Maple Finance rolled out syrupUSDC on Solana as well. These moves are dropping yield bearing assets onto the network and sparking fresh chances for lenders plus borrowers 🕸️.DeFi Momentum Building Strong 🔮
This RWA expansion is also fueling Solana’s bigger DeFi growth. Lending protocols can slot tokenized assets in as collateral so users borrow against them and deploy capital elsewhere. As more assets land the cycle builds extra demand for lending and borrowing lol. Solana is now a major player in onchain app revenue too pulling in over 193 million in the past 30 days. That is nearly twice Hyperliquid’s 86.5 million. Consumer apps still make up around 80% of the total with launchpads trading terminals wallets and other platforms adding to the pile 🦇.Just another echo from the void by iconofsin.eth 💖