Overtook Ethereum in total volume for the year real assets (RWA) holders, provide a positive sign for the network. However, Ethereum is ahead in total tokenized value on these networks.
Solana is ahead of Ethereum in RWA holders
In one X postAnnually to the data from RWA.xyz shows that the network surpassed Ethereum in terms of RWA holders for the first time. SOL currently has 157,112 RWA holders, while Ethereum has 153,592. However, it should be noted that Plume network has the most RWA holders (263,132) among all networks, despite boasting a higher total RWA value than Ethereum and Solana.
However, the Plume network has seen an almost 3% decrease in its RWA holders over the past 30 days, while Ethereum and SOL have seen an 8% and 7% increase, respectively. Despite Ethereum’s SOL in terms of total RWA holders, Ethereum still leads the network in terms of total RWA value at $15.4 billion, excluding stablecoins.
Meanwhile, the Solana network has a total RWA of $1.8 billion, also behind networks such as the BNB chain and XRP Ledger (XRPL). Furthermore, Ethereum leads SOL in the number of tokenization projects on the network with 675 and 345 respectively. The biggest projects in Ethereum are Tether Gold, Paxos Gold, Syrup USDC and BUIDL BlackRock funds.
Meanwhile, the biggest projects are in Solana BUIDL BlackRock FundPRIME, Ondo tokenized funds and OnRe tokenized reinsurance. However, it should be noted that Ethereum and SOL are still behind Arbitrum in the number of tokenized projects on their networks. Arbitrum currently has an RWA count of 1,763, although it is still behind in total RWA value and Ethereum and SOL holders.
SOL gaining ground in Stablecoins
Information shared by Visa showed that the Solana network has overtaken Ethereum in the volume of stablecoin transactions in the past month. SOL recorded stablecoin transaction volume of $660.64 billion, while Ethereum Stablecoin transaction volume in February it was 548.82 billion dollars.
Solana is still behind Ethereum in terms of stablecoin assets, with Ethereum at 86 and Solana at 33. Ethereum also has the largest stablecoin market cap at $166.7 billion, while SOL has Stablecoin market price $15.8 billion. Ethereum also has more stablecoin holders (21.18 million) than Solana (9.7 million).
Ethereum’s stablecoin market cap has increased by more than 4% in the last 30 days, but its stablecoin supply has fallen by 100% to 48,850. SOL, on the other hand, has seen its stablecoin holdings rise more than 9% in the past 30 days, and its supply volume has increased by 85% to $1.85 trillion.
Featured image from Adobe Stock, chart from Tradingview.com
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