Solana's real-world asset (RWA) ecosystem has reached a market cap of $2.5 billion, with nearly 200,000 holders, as the price of SOL rose 3.6% to approximately $83. This growth is attributed to improved risk appetite following a ceasefire between the U.S. and Iran. Institutional capital inflows have increased, with $3.25 billion in USDC recently added to the ecosystem.
Tokenized U.S. Treasuries on Solana now account for over 90% of the chain's non-stablecoin RWA, positioning Solana ahead of Ethereum in terms of RWA holders, with estimates ranging from 154,000 to 218,000 wallets. Despite a $285 million loss from a Drift Protocol vulnerability, Solana's momentum continues, supported by new initiatives like STRIDE and SIRN for protocol monitoring and verification.
Solana's RWA Ecosystem Hits $2.5 Billion Market Cap Amid Price Surge
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