Solana Overtakes Ethereum in 2025 Tokenized Asset Market

The market for tokenized real-world assets (RWA) is experiencing a spectacular reshuffle in 2025. Solana shows growth of 218% since January, eclipsing Ethereum’s progress which is limited to 81%. Could this rise redefine the hierarchy of blockchains in this strategic sector?

Solana catches up with Ethereum in the tokenized asset market

Since January 2025, Solana has shown remarkable performance. Its tokenized asset value has tripled, jumping 218% to reach $553.8 million, according to RWAxyz. This growth vastly overshadows Ethereum’s.

Ethereum remains the undisputed leader with $7.7 billion in tokenized assets. But its growth of 81% seems modest against Solana’s sprint. This difference marks a turning point in institutional investors’ choices.

Why is Solana so attractive? Its negligible transaction fees and ultra-fast settlements attract traditional financial players. These technical advantages make all the difference for high-volume applications.

The latest report from research firm Messari confirms this trend:

Yield-bearing RWAs are the most significant and fastest-growing segment in Solana’s RWA landscape.

The acceleration is intensifying even, with a 22% increase just last month.

Ondo Finance, the catalyst for this revolution

Ondo Finance drives this transformation. Indeed, its two flagship products, OUSG and USDY, represent $248 million. They thus control 60% of the RWA market on Solana.

How does Ondo operate? The company relies on BlackRock’s BUIDL, the giant of tokenized funds with $2.8 billion. OUSG uses digital US Treasury bonds. USDY offers a stablecoin that generates interest through government bonds.

This “two-in-one” formula is a hit with institutional investors. They benefit from the strength of U.S. government assets and the flexibility of DeFi protocols. Gains far exceed traditional bank savings accounts, a major asset when rates rise.

Furthermore, the ecosystem is enriched with ONyc, a reinsurance pool connected to Ethena’s sUSDe. This diversification boosts Solana’s attractiveness for traditional financial players.

Solana is shaking up the established order in RWAs. Certainly, Ethereum keeps its crown, but sees its lead melt in the face of its rival’s technical efficiency. This battle could reshape the decentralized finance landscape.