Solana Tops $1B in Tokenized RWAs — Could SOL Close the Gap with Ethereum?
Solana’s tokenized real-world assets (RWAs) crossed the $1 billion mark, rising 17% in 30 days according to RWA.xyz. The milestone places Solana third in RWA totals but still far behind Ethereum’s $12.8 billion — roughly 12x larger. BlackRock’s USD Liquidity Fund is the largest RWA program on Solana with over $200 million. On-chain growth and institutional initiatives are cited as drivers that could accelerate Solana’s RWA adoption. Price-wise, SOL traded near $134, down ~6% in 24 hours, testing key support at $130 amid increased selling; technicals show an ascending channel but an RSI sell signal. A hold at $130 could prompt a rebound to $150; a breakdown risks a retest of $110. The article also highlights growing Solana ecosystem activity and mentions Bitcoin Hyper (HYPER), a presale project claiming to bring Solana-like speed and smart-contract functionality to Bitcoin via a Layer 2, with $30M reportedly raised in presale. Key takeaways for traders: Solana’s RWA inflows and institutional participation are bullish fundamental catalysts, but short-term price action faces technical resistance and volatility; monitor RWA inflows, institutional announcements (eg. BlackRock), the $130 support level, and overall market risk sentiment for trade decisions.
Bullish
Fundamentals: Crossing $1 billion in tokenized RWAs — plus a large program from BlackRock (~$200M) — is a meaningful institutional signal that strengthens Solana’s long-term adoption thesis. Historically, notable inflows and institutional product launches have supported multi-month to multi-year rallies (e.g., Ethereum’s growth after major DeFi and institutional adoption). Technicals & short-term risks: SOL’s near-term price dropped ~6% and RSI shows selling pressure; the $130 support is critical. If $130 holds, expect a relief bounce toward $150; failure would increase downside risk to $110. Market structure: Faster RWA growth rate versus Ethereum suggests a positive narrative that may attract rotation from speculative and institutional capital over time, but Ethereum’s RWA lead (12x) tempers expectations for rapid overtaking. Trader guidance: Monitor RWA inflows, institutional announcements (new funds, BlackRock moves), on-chain metrics (tokenized RWA growth), and macro risk sentiment. Use the $130 support and $150 resistance as short-term levels; manage position sizing because institutional news can spark both momentum and sharp retracements. Overall impact is bullish for SOL’s medium-to-long-term outlook but neutral-to-bearish in immediate price action if key support breaks.