Solana tops RWA networks with $348M monthly inflows, $4.23B total

Solana pulled $348 million in net real-world asset inflows over 30 days, topping all tracked networks and lifting distributed value on the chain to $4.23 billion.

The RWA Foundation published the figure on Sept. 5 using data from analytics platform RWA.xyz. "Solana is leading the pack," the organization said in its official post, noting the network recorded the largest net increase during the measurement window.

Solana's distributed RWA value rose 11.13% over the period. Ethereum managed a 0.77% increase, Stellar rose 5.22%, the XRP Ledger fell 5.51%, and Avalanche dropped 14.06%. An earlier reading had put the 30-day figure at $229 million, indicating the lead has been widening.

The tokenized product roster on Solana includes BlackRock's BUIDL fund, Franklin Templeton's BENJI token, VanEck's VBILL, and offerings from Ondo Finance and WisdomTree — mostly Treasury and money market instruments available to eligible institutional investors. The next RWA.xyz updates will determine whether the $348 million increase represents a sustained trend or a concentrated issuance period.

Institutional Issuers Expand Solana's RWA Footprint

BlackRock's BUIDL fund expanded to Solana through Securitize in March 2025. The fund invests in cash, U.S. Treasury bills and repurchase agreements, with a dedicated Solana share class giving eligible investors blockchain-based access. Solana reported the BUIDL share class held more than $550 million on the network by February 2026.

Franklin Templeton's BENJI token, representing shares in the Franklin OnChain U.S. Government Money Fund, has been available on Solana since February 2025. The asset manager reported $753.24 million in total net assets for the fund as of June 30, though that figure covers the entire fund across all supported networks rather than Solana alone.

Ondo Finance operates the USDY and OUSG products on Solana and launched hundreds of tokenized U.S. stocks and exchange-traded funds on the network in January 2026. WisdomTree made its tokenized funds available for direct minting on Solana through its WisdomTree Connect platform the same month.

What the $4.23 Billion Figure Does and Doesn't Mean

The reported total represents distributed RWA value — tokenized financial products that investors can subscribe to, hold or transfer through blockchain wallets and approved custodians. It is not Solana protocol revenue or capital controlled by the Solana Foundation. The value belongs to investors in products issued by separate financial institutions.

Tokenized RWAs frequently carry investor eligibility and transfer controls. Treasury and money market tokens can require identity verification, jurisdictional screening or minimum investments. Issuers can restrict transfers to approved addresses and freeze tokens when required by product terms or applicable law.

The $348 million figure also does not mean investors traded exactly that amount of tokenized assets on Solana during the month. It represents the net change attributed to assets distributed on the network after inflows and outflows. The wider tokenized RWA market reached approximately $38.1 billion by Aug. 9, according to crypto.news reporting, with Solana's total representing one portion of that market.

SOL closed at $103.85 on Sept. 4 after a 2.56% gain, up roughly 38.7% over the past month after breaking out from the low $70s in late August. The token remains 64.8% below its $293 January 2025 record. Whether RWA inflows translate into sustained SOL price appreciation depends on whether tokenized assets remain on the network, gain additional holders, and develop active secondary or collateral markets — factors that would show the latest inflows are driving continued blockchain use rather than a temporary balance increase.

This article is for informational purposes only and does not constitute investment advice.