Solana Surges Past Ethereum in Tokenized Treasury Growth

Solana has taken the lead over Ethereum in adding new treasury value to its users' accounts, according to data from Token Terminal. Over the last thirty days, Solana added $378.2 million in tokenized T-bills, outpacing Ethereum's $272.2 million increase by roughly $106 million.

This growth is part of a larger trend of expanding issuance across major blockchain ecosystems, with Superstate leading 30-day growth with $184.2 million and Securitize following closely behind at $182.8 million. Other issuers like Franklin Templeton contributed $86.2 million, while J.P. Morgan added $24.2 million.

The concentration of capital in established companies is a notable aspect of this trend, with smaller issuers continuing to gain traction but not yet achieving broad distribution across the market.