Solana has institutional momentum to 2026 with RWAs.
Solana focused on memecoin this year, after the retail-dominated network posted record real-world asset token activity in December.
According to data from RWA.xyz, the value of tokenized RWA on Solana rose nearly 10% last month to a record $873.3 million, while the number of Solana RWA token holders grew 18.4% to 126,236 over the same period.
Most of these RWAs return U.S. Treasuries, such as BlackRock's Dollar Institutional Digital Liquidity Fund and Ondo's U.S. Dollar Product, which have a market cap of $255.4 million and $175.8 million, respectively.
New token stocks like Tesla xStock and Nvidia xStock are adding $48.3 million and $17.6 million, respectively, while institutional funds are also signing up for Solana.
Solana is set to become the third blockchain to surpass $1 billion in tokenized RWAs, behind Ethereum at $12.3 billion and BNB Chain recently surpassing $2 billion.
If something happens, SOL will set a new high in 2026.
Last month, crypto asset manager Bitwise predicted that Solana would set a new all-time high if the US passes the market-focused CLARITY Act in 2026.
Related: Can Solana Release the Memecoin Image in 2026?
If it passes, Bitwise expects crypto tokenization to take off, with Solana being one of the biggest winners of that upward trend: “We are bullish on Ethereum and Solana. Really bullish. Mainly because we think that stablecoins and tokenization are megatrends, and Ethereum and Solana are bound to be the biggest beneficiaries of its growth.”
SOL has things to do with BTC, ETH.
Solana (SOL) It entered 2026 at a much lower price than it started in 2025, trading at $125 versus $190 this time last year.
SOL is also more than 57% off its all-time high of $293.3 set on January 19, 2025, while Bitcoin (BTC) and Ether (ETH) recently hit all-time highs — October and August — and are currently trading close to those prices.
EFAs, institutional fees boosted SOL pace.
Solana's legitimacy in the institutional space was strengthened in late October when the U.S. Securities and Exchange Commission approved the first batch of funds on what are now six Solana exchanges.
Those Solana products generated about $765 million in revenue, according to data from Farside Investors.
Also in October, global money transfer giant Western Union chose Solana to build a stablecoin settlement platform for its more than 150 million customers, spread across 200 countries and territories. It is expected to be released in the first half of 2026.
Solana's onchain parameters seem strong
Solana is leading all blockchains in app revenue, which has proven to generate high revenue even when memecoin activity slows down.
In the past 30 days, it has raised more than $110 million, ahead of second-tier HyperLiquid at $61.1 million and nearly double Ethereum's $47.2 million, Defilama data shows.
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