The Solana blockchain is making waves in the real-world asset (RWA) space, with xStocks leading the charge. The platform has propelled Solana’s RWA market to a staggering $37.9 million in assets under management (AUM), setting a new all-time high. But what’s driving this explosive growth, and why should crypto enthusiasts pay attention?
How xStocks is Fueling Solana’s RWA Market Boom
xStocks, launched by Backed in late June 2025, has become a game-changer for Solana DeFi. The platform’s tokenized stocks are attracting significant interest, with:
- $TSLAx dominating 40% of daily trading volume
- 22.9% of total AUM tied to Tesla’s tokenized stock
- $8.7 million chain-based market value for $TSLAx alone
Tokenized Stocks: The New Frontier in Solana DeFi
While $TSLAx leads in trading, the S&P 500’s $SPYx is making waves in lending markets. Key differences:
| Metric | $TSLAx | $SPYx |
|---|---|---|
| Daily Volume Share | 40% | 15% |
| AUM Percentage | 22.9% | 12% |
| LTV Utilization | Medium | High |
Where is the Solana RWA Market Headed Next?
The ecosystem is poised for further expansion with:
- Remora Markets launching soon
- Potential for cross-platform arbitrage
- Institutional interest through Solana ETPs
FAQs About Solana’s RWA Market Growth
Q: What percentage of xStocks’ AUM is in self-custody wallets?
A: 57.3% of the $37.9M AUM is held in self-custody wallets, highlighting the decentralized nature of the market.
Q: How does trading volume compare between centralized exchanges and on-chain markets?
A: Centralized exchanges process 1,777% more transactions than on-chain markets, excluding Kraken’s unreported activity.
Q: What makes Solana attractive for tokenized stock trading?
A: Solana’s high throughput and low fees have made it the leading infrastructure for chain-based tokenized stock volume.
Q: When did xStocks launch?
A: The platform went live in late June 2025 and has seen rapid adoption since.
