Solana leads growth in tokenized US T-bills with $378M increase

Solana just posted the largest 30-day increase in tokenized US Treasury activity among all blockchain networks, adding $378M in net inflows. The broader tokenized Treasury market hit $16.23B in total distributed value as of August 15, according to data from RWA.xyz. That figure represents a 1.81% increase over the past 30 days, with Solana, Ethereum, and BNB Chain leading the charge. Solana’s institutional moment BlackRock’s BUIDL fund, Ondo Finance’s USDY, and Galaxy Digital’s SWEEP (which currently holds roughly $161M) all now operate on Solana. Add in VBILL, and the network has quietly assembled a roster of institutional-grade Treasury products. Ethereum still runs the show, but the gap is narrowing Despite Solana’s growth spurt, Ethereum remains the undisputed heavyweight in tokenized Treasuries, commanding approximately 43% of the total market share. BNB Chain sits in second place with around 31.5%. The top three products by size tell you everything about who’s winning the issuance race. USYC leads with roughly $3.0B, followed by BUIDL at approximately $2.7B and USDY at around $2.15B. The tokenized Treasury market now spans nearly 18 different blockchain networks. From under $...