Solana leads growth in tokenized US T-bills with $378M increase

Solana just posted the largest 30-day increase in tokenized US Treasury activity among all blockchain networks, adding $378M in net inflows.

The broader tokenized Treasury market hit $16.23B in total distributed value as of August 15, according to data from RWA.xyz. That figure represents a 1.81% increase over the past 30 days, with Solana, Ethereum, and BNB Chain leading the charge.

Solana’s institutional moment

BlackRock’s BUIDL fund, Ondo Finance’s USDY, and Galaxy Digital’s SWEEP (which currently holds roughly $161M) all now operate on Solana. Add in VBILL, and the network has quietly assembled a roster of institutional-grade Treasury products.

Ethereum still runs the show, but the gap is narrowing