Solana
Tokenized equities on Solana: — in circulation (— over 30 days), but only — of it is deployed in DeFi. Most RWA DeFi value is private credit in Kamino; equity activity is mainly spot trading on Raydium.
ex-stablecoins, active market cap
active market cap
Solana DeFi active TVL
AMMs + lending + other
Kamino + Jupiter Lend
last 7 days, tracked pools
Changes are versus 30 days earlier; the DEX volume change is versus the previous 7 days. Stablecoins and governance tokens are excluded throughout; DeFi TVL excludes tokens held in bridges.
Supply: how much RWA is on Solana
Active market cap by asset class
Last 12 months, daily. Active market cap is DefiLlama's circulating on-chain value, excluding issuer-held, unminted supply.
Tokenized equities by issuer
Active market cap on Solana, last 12 months. Each issuer's equity and ETF tokens are summed.
Spot AMMs: where RWAs trade
Daily DEX volume, top RWA pools
The highest-volume pool per token for the 22 most-traded RWA tokens, across every Solana DEX (mostly Raydium CLMM and Orca). Last 180 days.
Volume by token
Same pools. 7-day and 30-day sums; the sparkline is daily volume over the last 60 days.
All tracked RWA pools on Raydium, Orca and Kamino Liquidity
DefiLlama yields snapshot. Turnover is 7-day volume ÷ pool TVL. Meteora, Byreal and other venues are not in DefiLlama's yields feed, so this list understates their share.
Lending: RWAs posted as collateral
Tokenized equity collateral
USD supplied to xStocks reserves, daily. DefiLlama's history for Kamino's reserves starts on Jun 1, 2026, and for Jupiter Lend's in mid-April 2026.
Private credit collateral
OnRe ONyc, Hastra PRIME and AUTO, Maple syrupUSDC and others. This is where most RWA value in Solana lending sits.
RWA reserves on Kamino and Jupiter Lend
Current USD supplied per reserve.
DeFi deployment: where RWA value sits
DeFi active TVL by asset class
RWA tokens held inside Solana DeFi protocols, daily, last 12 months. Each panel has its own scale.
By protocol
Current RWA value held in each protocol, split by asset class.
Largest RWA assets on Solana
Active market cap on Solana and the part of it held in Solana DeFi.
Method and caveats
- Supply and DeFi TVL come from DefiLlama's RWA dashboard (Solana page, per-asset daily breakdown). Stablecoins and governance tokens are excluded; asset classes follow DefiLlama's categories, so gold ETFs such as GLDx count as ETFs. DeFi TVL leaves out tokens sitting in bridge contracts.
- Lending histories come from DefiLlama yields (per-reserve supplied USD), which only tracks these reserves from 2026 on. A step at the start of a line is when tracking began, not a deposit inflow.
- Daily DEX volume comes from GeckoTerminal and covers one pool per token, so the totals are a lower bound. The pools table is DefiLlama yields' Raydium, Orca and Kamino Liquidity pools only.
- Pre-IPO trackers such as SPCX (SpaceX) and the OpenAI and Anthropic tokens are counted as equities, which is how DefiLlama classifies them.
- Rebuilt every day from the public APIs; data through —. If a source fails on a given day, the previous copy of its data is kept and a note appears at the top of the page.
Ethereum ecosystem
All three chains: — of RWAs (ex-stablecoins), — of it tokenized equities. — is deployed in DeFi, — of it in tracked lending reserves, and RWA spot pools traded — over the last 7 days.
ex-stablecoins, market cap
market cap
DeFi active TVL, ex-bridges
AMMs + lending + other
tracked Morpho, Aave & other reserves
last 7 days, tracked pools
Changes are versus 30 days earlier; the DEX volume change is versus the previous 7 days. Stablecoins and governance tokens are excluded throughout.
The three chains side by side
Same figures as the tiles above, one row per chain. The highlighted row is the one selected.
Supply: how much RWA is on-chain
Market cap by asset class
Last 12 months, daily. Ethereum's largest classes are tokenized gold (XAUT, PAXG) and treasury funds (BUIDL, USDY, OUSG, USTB).
Tokenized equities by issuer
Market cap of each issuer's equity and ETF tokens, last 12 months. Ondo Global Markets dominates Mainnet; Robinhood's own stock tokens dominate Robinhood Chain; Coinbase's dominate Base.
Spot AMMs: where RWAs trade
Daily DEX volume, top RWA pools
Top 20 RWA pools per chain by volume (Uniswap V3/V4, Aero Slipstream, Fluid, Curve). Last 180 days.
Volume by pool
7-day and 30-day sums of daily volume; turnover is 7-day volume ÷ pool liquidity; the sparkline is the last 60 days.
Lending: RWAs posted as collateral
Tokenized equities are barely used as lending collateral here: — sits in lending and CDP protocols on the selected chain(s), mainly Frankencoin on Mainnet and Morpho on Robinhood Chain. The value is private credit (Maple syrup tokens, Hastra PRIME, Re reUSD, Midas mGLO), gold and treasury funds.
Collateral by protocol
USD supplied to tracked RWA reserves, daily. A step at the start of a line is when DefiLlama began tracking a reserve.
Collateral by asset class
Same reserves, split by what is posted.
RWA reserves on Morpho, Aave and other lenders
Current USD supplied per reserve.
DeFi deployment: where RWA value sits
DeFi active TVL by asset class
RWA tokens held inside DeFi protocols, daily, last 12 months, excluding bridge contracts. Each panel has its own scale.
By protocol
Current RWA value held in each protocol, split by asset class. Includes stablecoin issuers that hold RWAs as reserves (Sky, Frax, Usual) because DefiLlama counts them as DeFi.
Largest RWA assets
Market cap on the selected chain(s) and the part of it held in DeFi there.
Method and caveats
- Supply and DeFi TVL come from DefiLlama's RWA dashboard (Ethereum, Base and Robinhood Chain pages, per-asset daily breakdown). "All, summed" adds the three chains. Stablecoins and governance tokens are excluded; real estate, crypto funds and wrapper tokens are left out of the four classes.
- DeFi TVL excludes tokens held in bridge contracts (CCIP, LayerZero and canonical bridges), about $0.75B of syrup tokens and XAUT on Mainnet that back supply on other chains.
- Coinbase's stock tokens on Base have no active market cap in DefiLlama (it does not class them as "true RWA"), so they are counted at on-chain market cap. Every other asset uses active market cap.
- Robinhood Chain data starts in early July 2026.
- Lending histories come from DefiLlama yields, per reserve: Morpho, Aave V3 (including the Horizon RWA market), Aave V4, Fluid, TermMax, LlamaLend, Euler and Compound. Pendle PT tokens of private-credit assets count as private credit.
- Daily DEX volume comes from GeckoTerminal: the top 20 RWA pools per chain by volume, so totals are a lower bound. Pools pairing two RWAs (QQQ/SPY, PAXG/XAUt) are counted once, under the first token.
- Rebuilt every day from the public APIs; data through —. If a source fails on a given day, the previous copy of its data is kept and a note appears at the top of the page.