Solana Tokenized Real-World Assets Surpass $3.6 Billion Record

Solana News

Solana (SOL) has cemented its lead in real-world asset tokenization, with the value of RWAs settled on its network surpassing $3.6 billion to reach a record high. On-chain data shows the chain now hosts more than 95% of all tokenized equity trading volume, while RWA transfers over the trailing 30 days doubled to roughly $8.6 billion. Cumulative tokenized stock volume has cleared $10 billion, positioning the network as a bridge between traditional finance and blockchain rails. As an altcoin competing for institutional mindshare, Solana has increasingly leaned on utility-driven adoption rather than speculative flows to underpin its ecosystem expansion.

Institutional access widened further as Morgan Stanley activated spot Solana trading on its E*TRADE platform, placing SOL alongside Bitcoin and Ethereum for the bank’s clients. The move makes Morgan Stanley the only major US bank currently offering spot SOL exposure, while peers remain limited to Bitcoin and Ethereum. The firm’s wealth-management leadership framed the rollout as a meaningful step in broadening access to Solana as a mainstream asset for both institutional and retail investors. For a network still building out regulated on-ramps, direct brokerage support at a bulge-bracket bank marks a notable escalation in the credibility of SOL as an investable asset class.

The tokenized-equity pipeline on Solana continued to attract marquee names. On July 16, Robinhood’s own listed shares (HOOD) were tokenized on the Solana chain through Sunrise, following the earlier tokenization of SK Hynix stock via Backpack Securities. Ondo Finance separately launched a round-the-clock tokenized stock trading service built on the network. Notably, SOL’s price showed little immediate reaction to the HOOD launch, a divergence some read as evidence that adoption is now driven by structural integration rather than short-term catalysts. Using an automated market maker model and 24/7 settlement, these products let investors trade equity exposure outside traditional market hours.

US-listed spot Solana ETFs recorded a net inflow of roughly $2 million on Thursday, breaking a run of flat-to-negative flows earlier in the week. While modest in size, the reversal suggested selective institutional buying was returning even as the broader crypto market traded lower on July 17. The inflow data reinforced a pattern of persistent, if measured, institutional interest in SOL products despite elevated volatility. For context, Solana remains the seventh-largest cryptocurrency by market capitalization, yet still sits roughly 75% below its all-time high of $294.33 set on January 19, 2025, underscoring how far the recovery from the prior bear market still has to run.

On the supply side, on-chain data flagged fresh selling pressure from the ecosystem’s largest fee-generating application. Wallet-flow tracking identified Pump.fun moving an additional 81,712 SOL — worth approximately $6.15 million — to Kraken on July 18. The transfer fits a recurring pattern in which the memecoin-launch platform routinely converts a portion of its protocol revenue into cash through exchange deposits. With memecoin trading activity cooling, the steady drip of SOL onto exchanges adds a modest but persistent headwind to spot pricing, even as it reflects the platform’s continued profitability rather than any distress signal from the wider network.

The scale of Pump.fun’s cumulative selling has grown substantial. On-chain estimates indicate the platform has offloaded roughly 4.81 million SOL between its January 2024 launch and July 18, 2026, equating to about $812 million in sales at an average price near $168.70 per token. The application has generated more than $1 billion in cumulative revenue on its 1% trading fee, including around $664 million in 2025 and about $124.7 million in the first quarter of 2026. Protocol-level data placing cumulative fees near $1.86 billion illustrates how a single consumer app became one of the most consequential long-term sources of SOL supply.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine rates the $74.74 support at 82/100 — its strongest reading — driven by the confluence of the Fibonacci 0.382 retracement, the daily Pivot Point and a stochastic oversold signal. On the upside, the $79.04 resistance scores 78/100, anchored by the Swing High and Ichimoku Senkou B. Our reading of derivatives data shows a positive funding rate of 0.0026%, open interest near $1.47 billion and a long/short account ratio of 3.00 (75% long) — a crowded posture that risks a squeeze if $74.74 breaks. With the Fear & Greed Index at 25 (Extreme Fear), RSI at 46.83 and a bearish MACD, a hold above the $72.65 support keeps the sideways-to-bullish case alive; a decisive loss below it invalidates the thesis.