Solana, Tether, XRP Ledger lead new wave in asset tokenisation, reshaping RWA market
Solana led inflows in tokenised funds with $453.5M, 73% of total, while Ethereum saw a $26M market cap drop. Tether expanded its user base by 1.7M wallets. Franklin Templeton and JPMorgan added $33.9M and $33.6M respectively. The report highlights shifts in liquidity and user growth among blockchains and issuers.
How this was made
The 30-second read
Why it matters
Capital is moving toward lower‑cost, high‑throughput chains, potentially accelerating adoption of tokenised assets on those networks.
Market read
The data suggests a reallocation of investor capital toward cheaper, faster blockchains, which may influence pricing and development focus across the crypto sector.
What to watch
Regulatory scrutiny on stablecoins and tokenised securities could dampen growth despite current inflows.
Background
The article reports a weekly snapshot (Oct 18‑25) of capital flows into tokenised real‑world asset platforms across major blockchains.
Ticker impact
Solana attracted $453.5 million in tokenised fund inflows, 73% of the top‑10 blockchains, indicating strong capital attraction.
likely upward pressure as new capital fuels demand for SOL‑based services
Largest share of weekly inflows; user address growth also strong, suggesting sustained interest.
XRP Ledger entered the top‑10 with $131 k of inflows, a modest but notable presence in the tokenisation market.
limited upward pressure, unlikely to move price materially
Inflow amount is tiny relative to overall market size.
BNB Chain absorbed $135.9 million of liquidity from Ethereum and added 1.3 million new addresses, the largest user‑growth among chains.
likely upward pressure as BNB becomes a primary conduit for tokenised assets
Largest net inflow and address growth suggest strong demand for BNB‑based services.
Market effects
Highlights a shift of real‑world asset tokenisation from Ethereum to lower‑cost chains, potentially reshaping the DeFi infrastructure landscape.
Global impact as investors worldwide reallocate capital to cost‑efficient blockchains.
Signals broader trend for tokenised assets that could affect multiple crypto ecosystems and related service providers.
Counterpoint
The inflows may be short‑term speculative moves rather than a lasting migration, especially if Ethereum regains market share.
Key entities
- blockchainSolana
Largest beneficiary of tokenised fund inflows in the week.
- blockchainBNB Chain
Absorbed the biggest liquidity shift from Ethereum.
- stablecoinTether
Led new address growth among top issuers.
