{"id":97211,"date":"2026-05-19T11:24:44","date_gmt":"2026-05-19T08:24:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97211"},"modified":"2026-05-19T11:25:20","modified_gmt":"2026-05-19T08:25:20","slug":"rwa-capitalization-on-solana-surpasses-2-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/rwa-capitalization-on-solana-surpasses-2-billion\/","title":{"rendered":"RWA Capitalization on Solana Surpasses $2 Billion"},"content":{"rendered":"<p>By the end of the first quarter, the volume of real-world tokenized assets (<a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">RWA<\/a>) on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> network increased by 43%, reaching $2.01 billion, according to a <a href=\"https:\/\/messari.io\/report\/state-of-solana-q1-2026#security-and-decentralization-cafcf7d896e6\">report<\/a> by Messari.<\/p>\n<p>Three assets had the most significant impact on the segment:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>BlackRock BUIDL: <\/strong>capitalization doubled to $525.4 million following the integration of custodian Anchorage Digital;<\/li>\n<li><strong>PRIME:<\/strong> increased by 124% to $361.2 million, supported by the Kamino protocol;<\/li>\n<li><strong>ONyc:<\/strong> rose by 101%, reaching $145.4 million.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-da15ac86d79478bf-4780150229095141.webp\" alt=\"Screenshot 2026-05-19 102656\" class=\"wp-image-280137\"\/><figcaption class=\"wp-element-caption\">Source: Messari.<\/figcaption><\/figure>\n<p>Analysts noted the diversification of the credit market. Deposits in PRIME on the Kamino and Jupiter Lend platforms accounted for 13% of the total volume.<\/p>\n<h2 class=\"wp-block-heading\">DeFi Segment and Application Revenue<\/h2>\n<p>The total value locked in Solana fell by 22% to $6.16 billion. Messari attributed this to a 33% drop in the price of SOL (from $124.44 to $83.11), rather than a user exodus.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5f4301de4e0832ce-4780170157420353.webp\" alt=\"Screenshot 2026-05-19 103105\" class=\"wp-image-280138\"\/><figcaption class=\"wp-element-caption\">Source: Messari.<\/figcaption><\/figure>\n<p>The blockchain&#8217;s share of the overall DeFi market remained stable at 6.7%. The largest protocols were Kamino ($1.72 billion) and Jupiter ($1.69 billion).<\/p>\n<p>Application revenue for the quarter totaled $342.2 million. Pump.fun remained the leader with $124.7 million (+17%). The trading app Axiom ranked second with $42.4 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-300bd3d3cfa5dd15-4780189955658411.webp\" alt=\"Screenshot 2026-05-19 103316\" class=\"wp-image-280139\"\/><figcaption class=\"wp-element-caption\">Source: Messari.<\/figcaption><\/figure>\n<p>The report highlights the development of infrastructure for payments and <a href=\"https:\/\/forklog.com\/en\/news\/what-are-ai-agents-and-how-do-they-make-life-easier-for-web3-users\">AI agents<\/a>. The x402 protocol was adopted by major providers, including Alchemy and QuickNode.<\/p>\n<h2 class=\"wp-block-heading\">User Behavior and Stablecoins<\/h2>\n<p>Researchers observed an acceleration in trading: the average token holding time decreased from 81 to 57 seconds. Analysts linked this to the popularity of short-term trades in the meme coin segment.<\/p>\n<p>The volume of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> on Solana reached $14.85 billion (third among blockchains):<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a><strong>:<\/strong> $7.83 billion (-21%);<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\">USDT<\/a><strong>:<\/strong> $2.89 billion (+34%);<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/usd1-predicted-to-dominate-stablecoin-market-by-2028\">USD1<\/a><strong>:<\/strong> $883.5 million (+473% following inflows from Binance).<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ca9abe5ce3f68eb8-4780231174703054.webp\" alt=\"Screenshot 2026-05-19 103454\" class=\"wp-image-280142\"\/><figcaption class=\"wp-element-caption\">Source: Messari.<\/figcaption><\/figure>\n<p>The main event of the quarter was the plan to implement the <a href=\"https:\/\/forklog.com\/en\/news\/firedancer-developers-advocate-removing-solanas-compute-unit-limit\">Alpenglow<\/a> update in the Agave 4.1 release. It proposes replacing the Proof-of-History and Tower BFT mechanisms with Rotor and Votor. This is expected to reduce transaction finalization time from 12.8 seconds to 150 milliseconds.<\/p>\n<p>The total number of coins locked in <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> reached a historic high of 424.7 million SOL.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b580c77590711947-4780258715171693.webp\" alt=\"Screenshot 2026-05-19 105001\" class=\"wp-image-280145\"\/><figcaption class=\"wp-element-caption\">Source: Messari.<\/figcaption><\/figure>\n<p>By the end of the quarter, corporate balances held 18.6 million SOL ($1.54 billion).<\/p>\n<p>In May, trading volume on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">decentralized exchanges<\/a> on the Solana network <a href=\"https:\/\/forklog.com\/en\/news\/solana-and-ethereum-match-trading-volumes-on-dex\">fell<\/a> to 94% relative to Ethereum&#8217;s figures.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By the end of the first quarter, the volume of real-world tokenized assets (RWA) on the Solana network increased by 43%, reaching $2.01 billion.<\/p>\n","protected":false},"author":1,"featured_media":97212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"RWA on Solana rose 43% to $2.01 billion in Q1.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1468,1252,1308,1159],"class_list":["post-97211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-messari","tag-reports","tag-rwa","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"RWA on Solana rose 43% to $2.01 billion in Q1.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97211"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97211\/revisions"}],"predecessor-version":[{"id":97213,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97211\/revisions\/97213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97212"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}