Solana posted the largest net inflow into tokenized U.S. Treasuries over the past 30 days, reaching $378 million, according to Techub, which cited CryptoBriefing. The figure made Solana the fastest-growing blockchain in this segment during the period. As of Aug. 15, the total market for tokenized Treasuries had reached $16.23 billion, with Solana, Ethereum and BNB Chain listed as the main contributors to that growth. Solana has also attracted several major products in the category, including BlackRock’s BUIDL fund, Ondo Finance’s USDY and Galaxy Digital’s SWEEP. Ethereum still holds the lead in overall market share at about 43%, but the sector has expanded sharply from less than $1 billion at the start of 2024 to its current size. Nearly 18 blockchain networks are now participating in the tokenized Treasury market, pointing to broader multi-chain adoption as the category continues to scale.
Solana recorded $378 million in net inflows into tokenized U.S. Treasuries over the past 30 days, making it the fastest-growing blockchain in the sector, according to Techub, citing CryptoBriefing.
As of Aug. 15, the total tokenized Treasury market stood at $16.23 billion. Solana, Ethereum and BNB Chain were identified as the main contributors.
Solana has attracted several mainstream products, including BlackRock’s BUIDL fund, Ondo Finance’s USDY and Galaxy Digital’s SWEEP. Ethereum still leads the market with about 43% share, while the tokenized Treasury sector has grown from less than $1 billion at the start of 2024 to its current size. Nearly 18 blockchain networks are now involved in the market.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
