Solana in four charts:
1. Solana apps generated $68M in revenue in May, up 16% MoM.
2. Collectible marketplace & gacha @collectorcrypt reached $9M in monthly revenue (an ATH).
3. Tokenized asset volumes hit a new ATH in May at over $1.1B, with the majority coming from tokenized equities.
4. Stablecoin supply rose 2% MoM in May. @Ethena's USDe grew to over $500M in supply after launching mid-May.
Western Union launched its own stablecoin on Solana. Stablecoins on the network move at ~5x the velocity of other ecosystems.
@calilyliu on how institutional adoption is accelerating on Solana.
Europe's largest asset manager is coming to House of Sol.
@Amundi_ENG (€2.4T AUM) and @Spiko_finance ($1.7B in tokenised assets since 2024)
Join us on 13 May to talk vision, product roadmap and how they scale onchain.
Be part of Solana's next chapter.
From tokenized gold in SE Asia to Ramp enabling Tether on Solana, the capital markets stack had a big week.
Here's the roundup:
- @OCBCBank, Lion Global Investors, and DigiFT issued GOLDX, SE Asia's first tokenized physical gold fund
- @tryramp added support for @tether on Solana
- @Anchorage added @MarinadeFinance-powered Solana staking for institutional clients
- @bitget's preSPAX launch sale on IPO Prime closed with $177M committed across 14K+ participants
- @Loopscale rolled out Loops 2.0 with a new execution engine and expanded RWA asset coverage
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"In the past 12 months, RWAs on Solana grew from ~$170M to ~$2B. The original vision of Solana being the onchain Nasdaq is getting closer" - @nickducoff, Head of Institutional Growth @SolanaFndn
Institutions are choosing Solana for RWAs.
Solana settled @ycombinator's first all-stablecoin funding round.
$500K in USDC to prediction market startup @totalistrading across three onchain transactions, no intermediaries, seconds to finality.
Treasury held natively in USDC via @tryramp.
New episode of On the Road, @nickducoff interviews Rob Leshner CEO of @SuperstateInc about the future of tokenized securities, platform innovations, and the integration of traditional finance with DeFi.
They explore recent deals, platform capabilities, and the evolving regulatory landscape.
Just off a call with the private wealth team at a major wall street bank. Their words, not mine:
"SOL is less correlated to NASDAQ than BTC. It's a true portfolio diversifier — fits in both the disruption/venture bucket and the macro hedge bucket."
And the kicker: a BTC-SOL barbell outperforms a BTC-ETH barbell.
The institutional thesis for @solana isn't "crypto exposure." It's better portfolio construction.
Breaking:
@SoFi launches Big Business Banking, a single regulated platform for fiat and crypto enterprise banking.
Leverages Solana for real-time payments and stablecoin settlement.
The playbook mapping Solana's payments is now available on @solanapayments
Whether you're building invisible rails or a fully stablecoin-native product, there's a path mapped out👇
.@BaillieGifford on the future of Internet Capital Markets and the role of Solana.
Theo Golden explores how onchain financial market infrastructure can directly increase value for end investors by streamlining legacy processes.
From House of Sol, hosted by @SuperteamUK.
Another big week for capital markets on Solana.
RWA deposits reached new highs, tokenized credit markets expanded, and real-world spending rails continued to scale across the ecosystem.
This week’s key developments:
- @SolanaFndn shipped Solana Developer Platform for enterprise, bundling 20+ infra providers into AI-ready APIs with @Mastercard, @WesternUnion and more already building
- Solana surpassed Ethereum in RWA lending deposits, reaching $1.2B to lead the category
- Solana RWA holders reached a record 176K
- @Loopscale released PRISM to aggregate RWA settlement liquidity, starting with Apollo’s ACRED fund
- @KASTxyz released the @pudgypenguins Pengu Card, enabling spending at 150M+ merchants globally
- @worldlibertyfi’s USD1 supply on Solana surged 5x to $855M in two months
- Solana settled ~94% of all-time onchain tokenized equity spot volume to date
- @onrefinance market on @kamino crossed $100M in market size
- @Loopscale hosted the first credit market denominated in Brazilian Real
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Kamino’s OnRe Market crosses $100M in total market size, marking continued growth in reinsurance-linked RWAs on Solana.
A strong signal that onchain capital markets are expanding beyond traditional RWA segments.
55 allocators walked into a the @solana x @Bitwise dinner last night.
9 banks. Family offices. Financial advisors. VCs. On a packed conference night in NYC.
Nobody came because they had to. They came because they wanted to understand what's happening on @solana — and they're running out of reasons not to allocate.
The demand is real. The room proved it.