Solana surpasses Ethereum in the number of RWA wallets, intensifying competition in the tokenization track

On-chain data shows that the number of Solana wallets holding tokenized RWA has surpassed that of Ethereum, breaking Ethereum's long-standing dominance in the tokenization market.

The rise of Solana is mainly attributed to its high throughput and low transaction costs, providing an infrastructural advantage for financial applications that require frequent trading. Currently, the total scale of RWA across various blockchain networks is approaching $25 billion.

However, Ethereum still maintains its lead in the total value of tokenized assets, with large tokenized government bonds and private credit platforms predominantly deployed in the Ethereum ecosystem. Analysts point out that this ranking change reflects a trend towards diversification in the blockchain tokenization market, rather than a complete shake-up of Ethereum's position.