Karamata_
Crypto Researcher, Ambassador for TON & Arbitrum
Solana now has the complete stack for real-world assets: 300K+ holders, over $16B of stablecoins and Mastercard and MoneyGram rails give tokenized assets the liquidity and distribution they needed. Per @Hercules_Defi, over $4B of RWAs are tokenized on Solana, $5.8B of tokenized-equity spot volume traded in Q2 and Solana captured about 97% of cumulative equity volume, with BlackRock's BUIDL above $550M there. x.com
Solana could become the home for tokenized equities, as the infrastructure built for memecoins also suits trading stocks. It already does about 90% of on-chain tokenized stock volume, and Ondo and xStocks, holding nearly 72% of the roughly $2B tokenized-stock market, both chose Solana. It has $14.8B of stablecoins, $4.97B DeFi TVL, $1.7B daily DEX volume and half-cent fees. Users can buy NVDA on Jupiter, hold it in Phantom and use it in DeFi, and Backpack issues 1:1-backed US equities on Solana. x.com
Solana's financial activity is scaling through stablecoin volume and institutional tokenized funds. It reportedly processed $5 trillion in stablecoin volume in 2026, while JPMorgan Asset Management launched two tokenized money-market funds on Solana for qualified US investors through Morgan Money. x.com x.com
RWAs being used as collateral make lending protocols where the growth will be. RWA liquidity reached $4.235B, up $439M (+11.6%) in 30 days. Morpho Blue leads at $734M, 1.7x Aave V3's $428M; Kamino Lend holds $413M, and the top five protocols account for 54% of RWA liquidity. x.com
Solana has lost its moats: speed and retail mindshare carried it this cycle, and every narrative it was meant to own now has a stronger competitor. Memecoin attention is spreading to Robinhood, BNB and Base, Robinhood is coming for tokenized stocks, and Hyperliquid owns perps. Solana's perps did $8.9B last week, which Hyperliquid often does in a day. As more volume settles in its $15.5B of stablecoins, SOL matters less beyond gas. Pump.fun has sold about 4.8M SOL and expanded beyond Solana. … Show more
Solana's tokenized-equity spot momentum bolsters its case as an onchain equities venue. SolanaFloor reports Solana reclaimed first place in daily spot volume, exceeding all other chains combined. Solana may not compete with Hyperliquid in perps, but that does little to change this bullish view. x.com
Ethereum's deeper capital liquidity favors a 65% ETH weight, while Solana's stronger trading and consumer activity warrants 35% SOL in a long-term allocation. At ~4.8 times Solana's market cap, Ethereum holds ~8.4 times its DeFi TVL and ~9.1 times its stablecoin liquidity. Solana leads in chain fees, app revenue and DEX volume, but app revenue need not accrue to SOL. Sustained growth in Solana's stablecoins, TVL and revenue could change the weights. x.com
Pump.fun's continuing Solana sales add selling pressure ahead of a predicted move to $95 before the weekend. It sent another $14m of SOL to Kraken and has sold $875m since 2024 at an average of $160. x.com
Solana is harder to fade because StonkFun's launchpad generated over $20 million in revenue in the last 30 days. SOL price action should follow. x.com
Solana's biggest opportunity may be the financial ecosystem forming around it rather than SOL's price, as more trading, lending, staking, tokenized assets and derivatives create demand for its blockspace. Jupiter is expanding into lending, Helius builds staking infrastructure, Sentora runs stablecoin vaults and xStocks brings tokenized equities. SIMD-0553's resource-based pricing could turn more activity into more fees and SOL burned. Solana ETFs drew $10.26M last week, a seventh week of inflow. … Show more
Growing onchain stock activity makes cryptocurrencies less compelling even as blockchains succeed. Active RWA TVL in DeFi rose from $15M to $332M in ten months, over 20x. Stocks are set to eat crypto on its own turf, not the other way around. x.com
Ethereum's case rests on keeping and widening its lead in real-world assets, the market it has spent the last couple of years positioning itself to own. It needs to keep dominating RWA DeFi TVL, and if the RWA thesis plays out, Ethereum is where that value should settle. x.com
