record

Despite SOL experiencing a 33% decline during the first quarter, activity across the Solana ecosystem surged to record highs, driven largely by growing institutional adoption and the rapid expansion of tokenized real-world assets (RWAs).
One of the biggest stories of Q1 was the explosive growth of RWAs on Solana. The sector expanded 43% quarter-over-quarter, reaching a total market value of $2.01 billion. This growth highlights increasing demand for blockchain-based representations of traditional financial assets.
BlackRock’s BUIDL tokenized money market fund emerged as a major contributor, doubling in size to $525.4 million after Anchorage Digital introduced custody support. By the end of the quarter, Anchorage reportedly held approximately 81% of the total on-chain supply.
Meanwhile, Ondo Finance accelerated institutional adoption by launching more than 200 tokenized U.S. stocks and ETFs on Solana. The company also completed a same-day tokenization of BitGo stock during the firm’s NYSE IPO date, marking another milestone for tokenized finance.
The stablecoin ecosystem on Solana also saw major shifts in composition. While the overall stablecoin market cap remained just under $15 billion, USDC declined 21% to $7.83 billion but continued to dominate with 53% market share. In contrast, USDT rose 34% to $2.89 billion.
At the same time, World Liberty Financial’s USD1 stablecoin surged an impressive 473% to $883.5 million, fueled largely by Binance reallocating customer holdings onto the Solana network.
The latest figures suggest that despite price weakness in SOL itself, institutional activity, tokenized assets, and stablecoin growth continue strengthening Solana’s position in the broader crypto ecosystem.
#solana #record #sol #crypto #Binance
$SOL
$BNB