Solana Surpasses 3 Trillion Won, Leading the Tokenized Securities Market

Solana Dominates the Tokenized Securities Market with 3 Trillion Won in Real-World Asset (RWA) Tokenization

Solana (SOL) has secured a dominant market share in the tokenization of real-world assets (RWA), establishing a new growth engine within the blockchain ecosystem. As institutional investors accelerate their entry, the support from Morgan Stanley for spot trading and the influx of ETF funds have allowed Solana to continue expanding its ecosystem despite price volatility.

As of 2 PM on the 18th, Solana is trading at $75.04, with a market capitalization of approximately $43.7 billion. The 24-hour trading volume is $1.47216 billion, reflecting a 17.8% decrease compared to the previous day; however, it has only dropped 3.3% over the past week, showing relatively strong performance compared to major altcoins.

Achieving 95% Market Share in Real-World Asset Tokenization

One of the most notable achievements of the Solana ecosystem is its explosive growth in the real-world asset (RWA) sector. Recent data indicates that the value of RWA based on Solana has surpassed $3.6 billion, reaching an all-time high. Notably, over 95% of tokenized stock trading volume occurs on the Solana blockchain, and the scale of RWA transfers has doubled to $8.6 billion over the past 30 days.

Through Backpack Securities, SK Hynix shares have been tokenized on the Solana chain, and Ondo Finance has launched a 24-hour tokenized stock trading service based on Solana. On July 16, Robinhood's own stock, HOOD, was tokenized on the Solana chain through Sunrise, marking the continued participation of major listed companies.

According to Solana Daily, the Solana blockchain currently supports over $3 billion in RWA, with cumulative stock trading volume exceeding $10 billion. This demonstrates that Solana is positioning itself as a key infrastructure connecting traditional finance and blockchain, beyond just being a DeFi platform.

Morgan Stanley's Spot Trading Support Expands Institutional Accessibility

In terms of institutional investment infrastructure, Solana has made significant progress. Morgan Stanley has activated spot trading support for Solana alongside Bitcoin and Ethereum through the E*TRADE platform. Among major U.S. banks, Morgan Stanley is the only one supporting spot trading for Solana, while other large banks currently only support Bitcoin and Ethereum.

Chad Turner, head of the Morgan Stanley Wealth Management platform, emphasized that this move is an important step in broadening accessibility to Solana as a mainstream asset for both institutional and individual investors.

The U.S.-listed Solana spot ETF also recorded a net inflow of $2 million on Thursday, breaking the pattern of zero or negative flows observed earlier in the week and indicating selective buying interest. Market analysis from CryptoRank suggests that despite a downturn in the cryptocurrency market on July 17, the ETF fund flows reflect ongoing interest from institutional investors in Solana.

Attention on the $74 Support Level Amid Short-Term Volatility

After being rejected near the $77 level, Solana has retreated about 4% to the $74 mark. According to technical analysis from CryptoDotNews, Solana is trading around $74.87 on the 4-hour chart, nearing the lower Bollinger Band at $74.33. The middle band is at $76.51, and the upper band is at $78.69.

The key technical level to watch is the $74 support. If this level holds, a rebound towards $78-$80 is possible; conversely, if it falls below $74, there is a risk of further adjustment down to the daily supertrend support at $69.60. CryptoNewsNet notes that the current price of $74.8 is about 6% lower than the early-week high of $79, with the 50-day moving average acting as a short-term support level.

If the 50-day moving average support, which has prevented several declines in July, holds, the upward targets are set at $80, $84, and the mid-level of $88, indicating a potential increase of 8-18% from current levels.

RttNews reports that Solana, ranked 7th in market capitalization among cryptocurrencies, fell about 2.8% last night to $74.43, remaining approximately 75% below its all-time high of $294.33 on January 19, 2025. CryptoRank's market analysis on July 17 also shows that Solana dropped 2.5% around the $76 level, participating in the broader cryptocurrency correction.

Ecosystem Expansion and Price Decoupling Phenomenon

Interestingly, even after the tokenization of Robinhood's HOOD stock on the Solana chain, there was no significant price fluctuation for Solana. The CoinGaba report interprets this as a sign that the ecosystem is entering a mature phase based on practical utilization rather than price speculation.

Crypto.com’s early July update explained that Solana ecosystem tokens led the rebound due to renewed interest in tokenized stock trading and DeFi. Last week, Solana accounted for 95% of tokenized stock trading volume, reaching $1.29 billion, and discussions continue regarding the possibility of the $60 range being a medium-term bottom, as it remains over 75% below its all-time high of $295.

CoinDesk's headline noted that cryptocurrency stocks playing in the treasury space related to Solana have also experienced declines alongside Bitcoin and Ethereum, with publicly traded companies having exposure to Solana witnessing noticeable drops in the stock market.

The cryptocurrency market video recap categorized Solana's current movements as "normal volatility for altcoins," reaffirming its position as a major altcoin since its launch by Anatoly Yakovenko in 2020.

High-Speed Processing and Identity as RWA Infrastructure

Solana is a high-speed blockchain capable of processing thousands of transactions per second, establishing its foothold in the DeFi and NFT ecosystems with low fees and rapid finality. Now, it is solidifying its unique position in the new realm of real-world asset tokenization and security token trading, serving as a bridge between traditional finance and blockchain.

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