Solana Leads Real-World Asset Adoption Amid $348 Million RWA Growth

Solana has taken the lead in real-world asset (RWA) adoption among major blockchains, surpassing both Ethereum and Stellar in net growth. The RWA Foundation reported that Solana recorded a significant increase in distributed RWA value, with a net gain of $348 million over the last 30 days. This brought the total RWA value on Solana to $4.23 billion.

According to the data from RWA.xyz, Solana's RWA value rose 11.13% during this period, outpacing Ethereum's 0.77% growth and Stellar's 5.22% gain. Meanwhile, XRP Ledger's RWA value fell by 5.51%, and Avalanche registered a 14.06% decline.

Solana's native token SOL traded near $103 with support levels formed by recent Fibonacci retracement points converging between $99.14 and $102.50. Analysts at More Crypto Online highlighted that SOL remains in a corrective phase, with recent price action bouncing off the $98 level.