Solana Breaks Red Streak, Sees Strong Growth in Real-World Assets

After a prolonged red streak that lasted almost a year, Solana's price has finally turned green in August. The platform's real-world assets (RWAs) and memecoins have been gaining momentum, with RWAs reaching a new all-time high of $4.35 billion in total value.

The number of RWA holders on the network also climbed over 420,000, placing Solana among the market's biggest chains for tokenized assets despite competition from Ethereum (ETH).

Notably, Solana takes a significant 67% share of multichain memecoin volume, with BNB Chain accounting for another 9%. This dominance is particularly evident in spot DEX memecoin trading, where Solana captured nearly 3x the market share of Robinhood.