Solana Emerges as Leading Blockchain for Capital Markets, RedStone Report Reveals

Quick breakdown 

• Solana trading volumes for tokenized equities surpassed Ethereum after xStocks integration.
• RedStone report highlights Solana’s throughput of up to 100,000 TPS as key to institutional adoption.
• Both major financial firms and retail applications are boosting Solana’s growth in asset tokenization.

Solana overtakes Ethereum in tokenized equities trading after xStocks integration. On Monday, September 29, blockchain oracle network RedStone published a report that has positioned Solana (SOL) as a core infrastructure layer for capital markets, driven by its performance in real-world asset (RWA) tokenization. 

Solana now hosts over $13.5 billion in RWAs, including stablecoins.

This positions the network as a frontrunner in tokenized assets and the foundation of Internet Capital Markets.

How did @solana become the natural home for tokenized assets? Read the new RedStone report 👇 pic.twitter.com/RrTbAYMaTJ

— RedStone ♦️ (@redstone_defi) September 29, 2025

The study shows that following the integration of xStocks, Solana’s trading volumes for tokenized equities quickly surpassed those on Ethereum. Partnerships with exchanges such as Kraken have further accelerated this momentum by enabling faster and cheaper transactions for users.

Performance as a competitive edge

According to RedStone, Solana’s high throughput—handling up to 100,000 transactions per second (TPS)—has been a key factor behind its dominance in tokenization markets. Institutional players, who rely on scalable and cost-efficient systems for their RWA operations, increasingly view Solana as the most reliable option.

RWA tokenization increased from $5B in 2022 to over $31B in September 2025, substituting 600% growth excluding stablecoins. Solana hosts nearly $700M in RWAs and over $13.5B adding stablecoins, achieving almost 500% year-over-year growth. This positions Solana as one of the biggest networks when it comes to tokenized assets.

Robert Leshner, CEO of tokenization firm Superstate, emphasized 

“For RWAs, there are really only two places: it’s either Ethereum or Solana.”

Institutional and retail adoption

The network’s performance has attracted major institutional names like BlackRock, Apollo Global, Janus Henderson, and VanEck, signaling growing confidence in Solana’s role in financial markets. At the same time, its ecosystem also appeals to retail users with widely used apps such as Phantom, Raydium, Jupiter, and Pump.fun.

Today, Solana processes transactions at an average of 400ms finality with median costs below $0.001, maintains 100% uptime over the past 12 months, and achieved $35.9B in peak daily DEX volume. 

Meanwhile, earlier this year, RedStone dismissed circulating claims about a partnership with web3 acceleration platform Web3Port and market maker Whisper, calling them false and unauthorized.