Solana Overtakes Ethereum to Lead the Tokenized Stock Market in 2026
- How Did Solana Surpass Ethereum in Tokenized Stocks?
- What’s Driving Solana’s RWA Expansion?
- How Do Tokenized Stocks Compare Across Blockchains?
- Why Are Institutions Flocking to Solana?
- FAQs: Solana’s Tokenized Stock Takeover
Solana has surged past ethereum and BNB Chain to become the dominant blockchain for tokenized stocks, with a market capitalization of $874.19 million. Backed by rapid growth in real-world asset (RWA) tokenization and institutional adoption, Solana’s ecosystem now hosts over 126,274 holders of RWA assets. Key drivers include Backed Finance’s xStocks suite, BlackRock’s institutional funds, and the approval of six Solana ETFs by the SEC. Meanwhile, Ethereum retains its lead in the broader RWA market ($12.9B), but Solana’s speed and accessibility are reshaping the landscape.
How Did Solana Surpass Ethereum in Tokenized Stocks?
Solana’s tokenized stock volume hit $874.19 million in early 2026, eclipsing Ethereum and BNB Chain, according to CoinMarketCap. This growth was turbocharged between September and December 2025, when Backed Finance launched 60+ tokenized stocks via Kraken and BTCC. Tesla’s xStock ($46.8M) and CRCLx ($23.4M) now lead Solana’s public stock offerings. The network’s 400ms block times and near-zero fees have made it a magnet for institutional players—evidenced by BlackRock’s $255M digital liquidity fund settling on Solana.
What’s Driving Solana’s RWA Expansion?
The RWA sector ballooned 68.4% in 2025, with solana capturing 126,274 holders—a 300% YoY increase. While Ethereum still dominates overall RWA ($12.9B vs. Solana’s $874M excluding stablecoins), Solana’s niche is institutional-grade assets: U.S. Treasuries, private credit, and now stocks. Ondo Finance’s $246M in tokenized funds and the SEC-approved Solana ETFs (which attracted $801M inflows) underscore this shift. As one BTCC analyst noted, “Solana’s rails are becoming the go-to for TradFi experiments—it’s the Starbucks of blockchain: fast, reliable, and everywhere.”
How Do Tokenized Stocks Compare Across Blockchains?
| Metric | Solana | Ethereum | BNB Chain |
|---|---|---|---|
| Tokenized Stock Market Cap | $874.2M | $362.5M | $210M* |
| RWA Value (ex. Stablecoins) | $874.2M | $12.9B | $2B |
| Unique Holders | 126,274 | ~500,000* | 45,000* |
Why Are Institutions Flocking to Solana?
Three words: settlement speed matters. When BlackRock tokenized its fund on Solana, transactions finalized in seconds—versus Ethereum’s 12-minute waits during congestion. Add 24/7 global access and regulatory clarity (those SEC-approved ETFs didn’t hurt), and you’ve got a recipe for dominance. Even Solana’s stablecoin volume hit $259.5B this week—proof that money moves where friction dies.
FAQs: Solana’s Tokenized Stock Takeover
How much is Solana’s tokenized stock market worth?
As of January 2026, Solana’s tokenized stock capitalization stands at $874.19 million, per CoinMarketCap.
Which assets dominate Solana’s RWA ecosystem?
BlackRock’s fund ($255M), Ondo’s yield products ($246M), and Tesla/NVIDIA stocks lead the pack.
Did Solana ETFs impact this growth?
Absolutely. The six SEC-approved ETFs funneled $801M into SOL, boosting institutional credibility.
