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I just reviewed some interesting data on how Solana is gaining ground in this cycle. It turns out that last February, it moved 650 billion in stablecoin volumes, surpassing both Ethereum and Tron coin in that segment. The difference is notable considering that not long ago, Tron coin was one of the main players here.
What caught my attention the most was the boom in tokenized gold on the chain. Weekly volumes of XAUTO (Tether Gold) reached 280 million recently, a 10X jump compared to the previous week. This reflects that there is real demand for assets with tangible value, not just meme coin speculation as some thought.
Additionally, the growth of addresses holding RWAs on Solana is exponential. It went from 70 accounts in January to over a million in March. Ethereum remains the dominant network for RWAs, but Solana is catching up fast. Among Tron coin, BNB, and other alternatives, Solana is clearly positioning itself better. It seems the network is finally demonstrating utility beyond the hype.