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Solana is increasingly positioning itself as the backbone for tokenised finance and payments, with institutional adoption accelerating even as crypto markets cooledSolana is increasingly positioning itself as the backbone for tokenised finance and payments, with institutional adoption accelerating even as crypto markets cooled

Solana Gains Wall Street Momentum as BlackRock, Visa and Citi Expand Onchain Push

Author: Cryptonews AU

Source: Cryptonews AU

2026/05/19 14:05

2 min read

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Solana ended Q1 2026 with US$1.23 billion in real-world asset lending deposits, up 115% quarter over quarter.
Stablecoin transfer volume on Solana reached US$2.1 trillion in Q1, while tokenised asset DEX volume hit US$1.3 billion.
BlackRock, Visa, Citi and major payment firms expanded Solana-linked products or workflows across tokenised funds, settlement and trade finance.

Solana (SOL) has strengthened its position in institutional tokenisation and payments in Q1 2026, with real-world asset lending (RWAs), stablecoin settlement and tokenised trading activity rising even as broader crypto trading cooled.

According to a report by Messari, Solana captured 41% of onchain spot trading volume during the quarter, ahead of Ethereum and its layer-2 networks combined. Likewise, total Solana DEX spot volume was US$284.5 billion (AU$395.5 billion), down about 18% from the previous quarter and about 50% from Q1 2025’s memecoin-driven peak, but the mix of activity shifted toward stablecoins and tokenised assets.

Moreover, Solana DEXs processed US$1.3 billion (AU$1.81 billion) in tokenised asset volume in Q1, up 164% quarter over quarter and a new all-time high.

Stablecoin transfer volume reached US$2.1 trillion (AU$2.92 trillion), up about 60% both quarter over quarter and year over year, excluding flash loans and other inorganic volume.

Read more: Wall Street’s Tokenisation Boom Runs Into Infrastructure Challenges

RWAs Drive Lending

Real-world assets became the clearest institutional growth line for Solana, ending Q1 with US$1.23 billion (AU$1.71 billion) in RWA lending deposits, up 115% quarter over quarter and above Ethereum’s US$1.13 billion (AU$1.57 billion), according to the report.

Solana Foundation’s March roundup said total RWA value on the network crossed US$2 billion (AU$2.78 billion), while RWA holders reached 182,000 by the end of the month. The foundation also said Solana RWA lending deposits reached US$1.2 billion (AU$1.67 billion) and the network settled roughly 94% of all-time onchain tokenised equity spot volume by late March.

The product base is expanding beyond crypto-native lending. xStocks accounted for 41.5% of Q1 tokenised asset volume, offering tokenised public equities through a Swiss tracker certificate structure, while PreStocks ranked second with 35.8% of volume through pre-IPO exposure.

Read more: Hot Inflation Data Knocks Bitcoin Below $80K as Fed Rate-Cut Hopes Fade

The post Solana Gains Wall Street Momentum as BlackRock, Visa and Citi Expand Onchain Push appeared first on Crypto News Australia.

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Tags:

#SEC #Spot #RWA #DEX #Stablecoins