Solana Puts Pressure on XRP as Tokenization Race Heats Up

Solana (SOL), currently ranked seventh by market capitalization at around $50 billion, may eventually surpass XRP (XRP) in valuation, according to a report from The Motley Fool analyst Alex Carchidi.

The tokenization of real-world assets is driving the competition between the two networks. While XRP holds an edge in market cap at approximately $87 billion, Solana's speed and low transaction costs make it well-positioned for high-volume asset movement.

Solana already hosts around $272 million in tokenized stocks, a figure that rose 14% in the 30 days ending Mar. 5. The platform aims to become a round-the-clock hub for trading equities, ETFs, and institutional funds at minimal cost.