WuBlockchain
Solana’s on-chain RWA market capitalization grew from about $700 million to $4.3 billion over the past year, according to a Castle Labs report. Its share of RWA value relative to Ethereum rose from roughly 4.5% to 26%.
Why it matters
Ethereum’s RWA market cap increased from $15.5 billion to $16.6 billion over the same period. The figures show Solana gaining ground in the report’s comparison, though Ethereum’s RWA market remains larger.
Market impact
Solana applications generated $193.1 million in revenue over the past 30 days, ranking first among the networks tracked. Hyperliquid recorded $86.5 million and Ethereum $53.8 million.
Frequently asked questions
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How much did Solana’s RWA market cap grow over the past year?
It rose from about $700 million to $4.3 billion, according to the Castle Labs report.
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How did Solana’s RWA share relative to Ethereum change?
Solana’s share of RWA value relative to Ethereum increased from roughly 4.5% to 26%.
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Did Ethereum’s RWA market cap also grow?
Yes. Ethereum’s RWA market cap increased from $15.5 billion to $16.6 billion over the same period.
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Which network led in application revenue over the past 30 days?
Solana ranked first among the networks tracked, with $193.1 million in application revenue.
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How did Hyperliquid and Ethereum compare in 30-day application revenue?
Hyperliquid recorded $86.5 million, while Ethereum recorded $53.8 million.
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