Solana ranked first in the distribution of real-world assets on the blockchain by number of addresses. The number of investor addresses on the network increased to 285,971 following the launch of the tokenized share product $SPCX. It was reported that the asset in question was supported by real SpaceX shares in a one-to-one ratio.
Solana took the lead in the number of addresses
According to the data, Solana surpassed other networks in user metrics. While Plume ranked second with 249,000 addresses, Ethereum remained at 199,000, BNB Chain at 102,000 and Polygon at 20,000 addresses. This chart showed that interest in on-chain share transactions increased significantly in a short time.
| Network | Number of addresses |
|---|---|
| solana | 285,971 |
| plume | 249,000 |
| Ethereum | 199,000 |
| BNB Chain | 102,000 |
| polygon | 20,000 |
Solana has become one of the leading networks in tokenized real-world assets, both in terms of investor addresses and institutional interest.
$SPCX token was issued on Solana by Backpack Securities and SunriseDeFi. It was stated that the product was designed to represent SpaceX shares on the blockchain. Backpack Securities is known as a platform that stands out with its regulated brokerage structure focusing on on-chain share transactions.
Mini dictionary: Tokenizing real-world assets refers to creating a digital representation of traditional financial products, such as shares, bonds or funds, on the blockchain. This structure allows assets to be transferred faster and tracked on-chain.
Corporate fund flow moves to new high
The total tokenized value on the network reached $2.95 billion, breaking a record. It was stated that BlackRock and Franklin Templeton’s move of tokenized money market funds to the Solana network was effective in this growth. It is evaluated that corporate participation expands the financial usage areas of the network.
During the same period, $716 million of new funds entered the Solana network in just one month. Mastercard’s use of Solana for 24/7 USDC settlement and Backpack Securities’ introduction of an on-chain equity brokerage service subject to US regulations were also cited as among the developments that increased the usage areas in the ecosystem.
BlackRock and Franklin Templeton’s move of tokenized money market funds to the network signaled strengthening institutional trust in Solana.
SOL price remained under pressure
On the other hand, the SOL price fell below 70 dollars despite these developments. While the weak outlook in recent weeks has been maintained, derivative market data revealed that investors maintain their cautious stance. Technical indicators pointed out that if the downward movement continues, the monthly low of $59.16 could be retested.
On the other hand, Circle minted another 1 billion USDC on the Solana network. Thus, the total USDC issuance on the network in the last seven days reached 3.5 billion units. Such high-amount issuances are viewed in the market as a signal that the demand for transactions with fast and low-cost stablecoin transfers is increasing.
