Solana has set a new milestone in the tokenized real-world asset (RWA) space. The number of addresses holding tokenized SpaceX shares (SPCX) on the Solana blockchain surged to 285,971, the highest ever recorded for a single tokenized asset on the network.
Solana Tops Address Rankings, Plume and Ethereum Trail
The growth blew past rival networks. Plume ranked second with 249,000 addresses, Ethereum managed 199,000, BNB Chain recorded 102,000, and Polygon languished at just 20,000. Solana’s 285,000-plus addresses confirm its lead in user adoption within the RWA segment.
The SPCX token was launched jointly by Backpack Securities and SunriseDeFi, representing SpaceX equity on-chain. Backpack operates as a regulated platform bridging traditional stock trading with decentralized rails.
Institutional Flood: $2.95B in Tokenized Assets, $716M Inflow in a Month
Institutional players are piling in. The total value of tokenized assets on Solana hit a record $2.95 billion. BlackRock and Franklin Templeton both moved their tokenized money market funds onto Solana, signaling strong institutional trust.
Within a single month, $716 million in fresh capital entered the Solana ecosystem. Mastercard began using Solana for 24/7 USDC settlements, and Backpack Securities launched a regulated on-chain stock brokerage service compliant with U.S. rules. These moves broaden Solana’s utility beyond DeFi into mainstream finance.
SOL Price Under $70 Despite Stablecoin Surge
Paradoxically, SOL’s price keeps dropping. The token traded below $70, with derivatives data pointing to cautious sentiment. Technicals suggest a possible retest of the monthly low at $59.16 if bearish pressure continues.
Meanwhile, stablecoin activity on Solana exploded. Circle minted another $1 billion USDC on the network, pushing weekly issuance to 3.5 billion USDC. Market watchers see this as evidence of rising demand for cheap, fast on-chain transactions, even as the native token struggles.