Solana Surpasses $456 Million in Tokenized Assets Amid Ondo Expansion

Ondo's tokenized asset growth is shifting towards a broader distribution of liquidity across multiple networks.

Ethereum remains at the core of the platform, with a value of $2.1 billion, but this represents only 52.37% of the total, indicating that concentration is easing.

Solana leads the way in tokenized assets, surpassing $456.7 million, an increase of 60.32% or approximately $147 million over the past 30 days.

Borrowers are using tokenized equities as collateral on various networks, with Solana at the forefront of this evolution, utilizing over $20.7 million worth of tokenized stock via Kamino.