- On-chain Real World Assets on Solana surpassed $500 million, giving it 3.15% market share despite Ethereum’s dominance.
- Around 88% of Solana’s RWA holders are concentrated in public equity tokens, underscoring equity’s central role in adoption.
Continuing with reports from ETHNews, Solana has marked a new stage in its push toward regulated finance with the tokenization of equity. Galaxy Digital, listed on Nasdaq under GLXY, placed 32,000 Class A shares on Solana, giving investors 24/7 access to trade through blockchain rails. This step adds to earlier moves such as a stablecoin-settled IPO and the launch of a memecoin platform, showing that the chain is positioning itself as a host for tokenized assets.
Data show Solana’s Real World Asset activity surpassed $500 million earlier this year. The chain now holds about 3.15% of the market, placing it sixth overall. Ethereum still dominates with more than $8 billion in RWAs, but Solana’s share reflects capital that accepts its lower transaction costs as a base for regulated issuance.
The GLXY shares illustrate that trend. From 67,559 RWA holders, 59,433 are in public equity tokens, equal to roughly 88% of participants. The design of on-chain shares allows trading beyond traditional market hours, a function that existing financial infrastructure does not provide. For Galaxy Digital, the process demonstrates how equity can be settled and accessed without the limits of conventional trading days.
Parallel to RWA activity, DeFi continues to lead performance in 2025. Year to date, DeFi assets have grown by 44%, compared with 38.7% for RWAs. Ethereum holds the majority with nearly 60% of DeFi market share and over $91 billion in total value locked across 1,593 protocols. Still, Galaxy’s choice of Solana for its on-chain equity signals confidence in its rails for tokenization.
Solana (SOL) is trading at $208.00 USD, reflecting a modest daily decline of 1.34%. However, despite this short-term pullback, Solana has demonstrated a strong bullish trajectory over the past few months, with a 22.64% gain in the last month and a notable 63.15% increase year-over-year.Â
The momentum appears sustained, fueled in part by the upcoming Alpenglow network upgrade, which will drastically reduce transaction finality from 12.8 seconds to just 100–150 milliseconds.
