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Solana entered 2026 with a record number of real-world asset tokenizations, marking a shift from its retail-driven image towards deeper institutional adoption. Data from RWA.xyz shows tokenized RWAs on Solana climbed nearly 10% in December to $873.3 million.
At the same time, RWA token holders rose 18.4% to 126,236, reflecting broadening participation across the network. Most assets are backed by US Treasuries, led by the BlackRock USD Institutional Digital Liquidity Fund at $255.4 million. The Ondo US Dollar Yield was followed by a $175.8 million market cap.
Tokenized equities also expanded, with Tesla xStock reaching $48.3 million and Nvidia xStock rising to $17.6 million. While Ethereum still leads with $12.3 billion in RWAs, BNB Chain ranks second at $2 billion. Still, Solana’s December performance placed it among the fastest-growing contenders. Capital Markets stated that regulated and yield-bearing RWAs continue expanding on Solana into the new year.
Institutional demands increased after six spot Solana exchange-traded funds gained approval in October 2025. Those products drew $765 million in inflows, according to Farside Investors data. This marked a turning point for Solana’s acceptance within traditional finance.
Global remittance firm Western Union also selected Solana for a stablecoin settlement platform. The service targets more than 150 million customers across over 200 countries and territories. Western Union plans to deploy the platform during the first half of 2026.
Despite this momentum, Solana began 2026 near $125, well below its January 2025 high near $190. The token remains 57% under its all-time high of $293.30 from early 2025. Still, network usage metrics show strength beyond price movements.
Solana continues to lead all blockchains in application revenue, even as memecoin activity slows. Over the past 30 days, it has generated more than $110 million in on-chain app revenue. That figure exceeds Hyperliquid's $61.1 million and nearly doubled Ethereum’s $47.2 million, according to DeFiLlama data.
Crypto asset manager Bitwise linked Solana’s upside to US market structure reforms.
Bitwise predicted a new record price for Solana if the CLARITY Act passes in 2026. The firm said tokenization and stablecoins remain major growth drivers for Ethereum and Solana.
Also Read: Bitcoin Above $88,000, Ethereum Gains 0.97%, Solana Hits $125
According to Galaxy Research's study, Solana's Internet Capital Markets will be worth around $2 billion in the year 2026. The estimated amount is a significant departure from $750 million, the current market size, while the US is preparing to see more than 50 new spot altcoin ETFs come up.
Ondo Finance has launched Solana 2026 after achieving $2 billion in trading volume in 2025. As the network that will host tokenized treasuries, equities, ETFs, and payment rails, will Solana continue its institutional growth while leading the on-chain revenue?
Solana recorded immense RWA growth as tokenized treasury stocks and ETFs expanded in December. Institutional inflows have increased through approved Solana ETFs and payment use cases; at the same time, on-chain app revenue stayed ahead of peers. These trends position Solana as a key platform for growth in 2026.
