Solana now handles 95% of all on-chain tokenized equity volume, according to data from a new analytics dashboard launched by rwa.xyz. The platform tracks 2,613 tokenized stocks worth a combined $1.85 billion, giving investors and analysts a clearer picture of a fast-growing corner of crypto.
What the Dashboard Tracks
Rwa.xyz's dashboard monitors tokenized equities — stocks that have been represented as tokens on a blockchain. These aren't the same as crypto tokens tied to a company's value; they're digital versions of traditional shares, often issued by firms like Backed or Swarm. The dashboard covers 2,613 such tokens, with a total market value of $1.85 billion. It breaks down volume by blockchain, showing which networks are actually moving these assets.
Solana's Share of the Market
Solana's 95% share of on-chain volume means nearly all trading activity in tokenized equities happens on its network. The remaining 5% is spread across other blockchains, though the dashboard doesn't name them. The data suggests Solana has become the default settlement layer for this asset class, at least for now. The dashboard updates in real time, so the exact percentages can shift as new trades occur.
Why This Data Matters
Tokenized equities are a small slice of the broader crypto market, but they're growing. The $1.85 billion in tracked tokens is a fraction of the $100 trillion global stock market. Still, the dashboard gives regulators, issuers, and traders a way to see which blockchains are actually being used — not just which ones claim to support tokenized assets. rwa.xyz built the tool to fill a gap in publicly available data.
The dashboard is live now at rwa.xyz. No word yet on whether the company plans to add more blockchains or asset types in future updates.
