Everyone argues who leads RWA. By total value it is still Ethereum. But tokenized stocks tell a different story.

Solana holds just 23% of tokenized-stock market cap, yet settles 95-97% of all on-chain trading volume. Others hold the shares. Solana trades them.

The whole Solana RWA market is up 6.8x in a year to $2.35B, led by BlackRock's BUIDL, with a wild mix from tokenized T-Bills to collectible cards.