Does this mean Ethereum is losing the RWA race?

No. Ethereum still holds the majority of tokenized real-world asset value in absolute terms. One week of net outflows alongside a single $26 million drawdown is a rotation signal, not a structural break. Watch the next two or three weekly prints before drawing a conclusion.

Why is Solana attracting tokenized fund flows now?

Lower fees, faster finality, and a growing list of issuer integrations are the mechanical reasons. The U.Today report attributes the 73% inflow share to Solana without naming individual funds, so the specific issuers driving the number remain to be confirmed via filings and press releases.

Is Tether moving away from Ethereum?

Not moving away, expanding. Adding 1.7 million wallets across its supported networks points to issuance growth on chains like Tron, Solana, and others, while Ethereum-based USDT continues to circulate. The report frames it as diversification, not substitution.

Solana Captures 73% of Tokenized Fund Inflows as Tether Onboards 1.7M Wallets, U.Today Reports

Market impact

The affected coins list in the triggering piece centers on SOL, XRP, and USDT, with ETH on the receiving end of the outflow narrative. No live price feed was attached to this report, so treat any immediate price read as directional, not quantitative. Scenario-wise: a bull case for SOL and XRP needs the inflow data to persist for two or three more weekly prints, with issuer confirmations from named asset managers, invalidation if next week's RWA dashboards show the share reverting below 40% for Solana.

A base case leaves SOL and XRP with a modest multi-chain premium while ETH keeps its absolute lead in total RWA value. A bear case for ETH is the one to watch: if a second major issuer publicly adds Solana or XRPL as a primary issuance venue, the market will stop treating Ethereum's RWA moat as uncontested. Nothing here is a buy or sell call.

Solana pulled in 73% of net inflows into tokenized funds this week, Tether onboarded roughly 1.7 million new wallets, and the XRP Ledger joined the two as the main venues driving a fresh wave of real-world asset tokenization, U.Today reported on Saturday. Ethereum, long the default settlement layer for RWAs, lost about $26 million in tokenized asset stock over the same window. The shift lands as asset managers and stablecoin issuers quietly reroute flows toward cheaper, faster chains.

By Rahul Mehta· AI-assisted· Altcoins & DeFi

What happened

U. Today reported on Saturday that Solana took in 73% of net inflows into tokenized funds over the past week, pulling clear of every other smart-contract chain tracked in the piece. Tether, in the same window, onboarded about 1.

7 million new wallets across the networks it supports, with a sizeable share landing on non-Ethereum rails. The XRP Ledger rounded out the top three venues, picking up fresh issuance from asset managers testing cheaper settlement layers. Ethereum went the other way.

Its tokenized real-world asset stock fell by roughly $26 million week-over-week, a rare net outflow for a chain that still hosts the majority of RWA value overall. The report framed the move as a rotation, not a collapse, with issuers spreading risk across chains rather than consolidating on one.

Why it matters

Tokenization is the thesis every major asset manager repeats on earnings calls. BlackRock's BUIDL, Franklin Templeton's BENJI, and a growing list of money-market and private-credit products have so far concentrated on Ethereum. A single week of flow doesn't flip that.

But the direction is the story. Solana's share of tokenized fund inflows isn't a rounding error at 73%, and Tether choosing to grow its wallet count on chains other than Ethereum is a direct signal about where the issuer sees payment demand. The headline looks bullish for Solana and XRP.

The flow picture suggests Ethereum is becoming one venue among several rather than the default. For a market that priced ETH as the exclusive RWA chain through most of 2024 and 2025, that's a repricing in slow motion.

Market impact

Solana Captures 73% of Tokenized Fund Inflows as Tether Onboards 1.7M Wallets, U.Today Reports

What happened

Why it matters

Market impact

What to watch

Disclaimer

Key takeaways

Frequently asked

Sources