Solana Narrows Gap in Tokenized Asset Race with 140% Surge in 2025

Solana is rapidly gaining ground in the tokenized asset market, climbing to fourth place among blockchains, behind Ethereum, ZKSync Era, and narrowly behind Aptos. According to a recent Messari report, tokenized assets on Solana have surged 140.6% year-to-date, reaching over $418 million, significantly outpacing the 62.4% growth of the overall real-world asset (RWA) market in 2025.

This surge reflects Solana’s growing reputation as a high-performance blockchain, known for low transaction costs, high throughput, and a vibrant developer ecosystem, as highlighted by Messari analyst Matthew Nay.

Data from RWA.xyz shows that Solana now holds 3.9% of the total RWA market share. The largest share belongs to Ethereum at 58.4%, followed by ZKSync Era (17.2%) and Aptos (4%). On Solana, the two dominant RWA protocols are Ondo and ONe, together accounting for $277 million in tokenized assets. Ondo’s U.S. Dollar Yield Fund alone has facilitated $2.7 million in cross-chain volume over the past 24 hours, part of which contributes fees to Solana’s ecosystem.

Solana has also generated $3.9 million in revenue over the last 30 days, while Ethereum led the RWA space with $15.9 million during the same period, according to Token Terminal.

The broader RWA tokenization market has now exceeded $25 billion in total value, rising 6.3% in the last month alone. Tokenization continues to attract traditional financial institutions for its faster settlement times, global accessibility, and efficiency gains.

Among Solana’s competitors, Aptos saw a 52.7% increase in RWA value in the last 30 days, compared to 14.6% for Solana and just 3.6% for Ethereum, underscoring the ongoing competition for dominance in this rapidly growing space.