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

ZkProver · 2026-03-09T13:53:54+00:00

The number of tokenized RWA held in Solana wallets has surpassed Ethereum, breaking the dominance of Ethereum in the market. Solana has attracted a large number of financial applications with its high throughput and low transaction costs. However, Ethereum still leads in the total value of tokenized assets. This change reflects a trend toward market diversification.

ZkProver

2026-03-09 13:53:54

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ChainCatcher news shows that on-chain data indicates the number of Solana wallets holding tokenized RWA has surpassed Ethereum, breaking Ethereum’s long-standing dominance in the tokenization market.

Solana’s rise is mainly attributed to its high throughput and low transaction costs, providing infrastructure advantages for financial applications that require frequent trading. Currently, the total RWA across various blockchain networks has approached $25 billion.

However, Ethereum still maintains a leading position in the total value of tokenized assets, with major tokenized government bonds and private credit platforms primarily deployed on the Ethereum ecosystem. Analysts point out that this ranking change reflects the diversification trend in the blockchain tokenization market, rather than a complete shift in Ethereum’s dominance.

SOL4,3%

ETH3,88%

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