Solana Surpasses Ethereum in Tokenized T-Bill Growth

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

The growth of tokenized T-bills on various blockchain networks is being driven by fresh issuance from major providers such as Superstate, Securitize, and Franklin Templeton. These companies contributed a combined total of $453.2 million to the market over the past month.

While Solana dominates the market in terms of tokenized T-bills, other networks are also seeing growth. BNB Chain added $49.2 million, while off-chain holdings expanded by $81.7 million.