Solana Surges Ahead of Ethereum in Tokenized U.S. Treasury Market

The tokenized U.S. Treasury market is gaining traction on multiple blockchain networks, with Solana emerging as the fastest-growing platform for new issuance over the past 30 days.

Data shows that Solana recorded approximately $378.2 million in new tokenized Treasury bill issuance, surpassing Ethereum's $272.2 million during this period.

The growth is not limited to these two largest platforms, with BNB Chain and zkSync Era also experiencing increases in tokenized Treasury activity.