Solana Soars to New Heights with $348M RWA Growth Boost

Solana has seen significant growth in its distributed real-world asset (RWA) value over the past 30 days. According to RWA Foundation data, Solana's distributed RWA total rose by 11.13% to $4.23 billion after a net increase of $348 million.

This puts Solana at the top of the list for RWAs growth in the last 30 days, ahead of Ethereum and Stellar. The RWA value is not the same as the full value of every asset linked to a tokenization platform, but rather represents distributed real-world assets such as tokenized government bonds, private credit, investment funds, and equities.

The price of SOL has remained firm above $98, with immediate Fibonacci support at $102.50, $101.51, $100.53, and $99.14. TraderSZ is optimistic about Solana's prospects, expecting another trend leg higher after adding to his long positions. However, a clean break below $90 would invalidate the setup.