Solana is now the top blockchain for real-world assets (RWAs) by address count, reaching 285,971 holders after the launch of the $SPCX tokenized stock. The asset is backed one-for-one by actual SpaceX shares. Backpack Securities and SunriseDeFi issued the token on the Solana network to match the aerospace firm’s public market launch.
Solana is currently ahead of other networks in user metrics. The platform ranks above Plume with 249,000 addresses, Ethereum with 199,000, BNB Chain with 102,000, and Polygon with 20,000. This milestone shows fast growth caused by active on-chain stock trading.
BREAKING: Following the $SPCX tokenized IPO, @Solana has become the #1 chain for real-world assets by holder count, surpassing 285K holders. pic.twitter.com/pqVh2iKCmM
— SolanaFloor (@SolanaFloor) June 19, 2026
How Solana is reshaping on-chain tokenization
Solana is transforming on-chain real-world asset (RWA) tokenization, leading the market in both holder count and institutional trust. The total value tokenized on the network has reached a record $2.95 billion, supported by BlackRock and Franklin Templeton moving their tokenized money-market funds to the chain.
This institutional adoption drove $716 million in new funds to the network within a single month. Furthermore, the ecosystem is expanding its practical utility with Mastercard leveraging Solana for 24/7 USDC settlement, and Backpack Securities launching a US-regulated broker for on-chain stock trading. These developments all simplify the addition of blockchain technology for banks, funds, and payment processors.
Why is SOL dropping despite the SpaceX RWA success?
Despite the milestone, SOL dropped below $70, continuing weeks of price weakness. Derivatives data show that traders remain cautious. Technical indicators show that if the downward trend continues, the asset could test its monthly low of $59.16 again.
Meanwhile, Circle has minted another 1 billion USDC on the Solana blockchain, bringing its total issuance on the network to 3.5 billion USDC over the past seven days. More USDC means more dollars moving on-chain. Big mints like this usually show that demand is rising for fast, low-cost stablecoin payments and trading on Solana.
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