TLDR
- Solana’s tokenized real-world assets stand at $5.12 billion, up 17.61% in 30 days
- Application revenue hit nearly $300 million in Q3, up 50% from Q2
- Stablecoin market cap on Solana reached a record $17.51 billion
- Analyst Crypto Patel sees possible support at $90-$93 after rejection near $125
- SOL trades down 3.02% on the day
Solana’s push into tokenized assets is gaining ground. Data from RWA.xyz shows the value of real-world assets on the network now sits at $5.12 billion. That is up 17.61% from 30 days earlier.
Real-world assets, or RWAs, are traditional financial assets issued as digital tokens on a blockchain. Examples include Treasury bonds, stocks, and funds. Solana is a high-speed network built for fast, low-cost transactions.
Solana marked the milestone on X on Oct. 29. The network called it a new all-time high for its RWA ecosystem. A chart in the post, citing RWA.xyz data as of Oct. 28, put the value at $5.19 billion.
Nick Ducoff, general manager of institutional at the Solana Foundation, commented on the figure. He said crossing $5 billion is a clear sign that the “Token Supercycle” is underway. He added that every financial asset will move onchain over the next decade.
More Holders and Faster-Moving Tokens
The growth goes beyond asset value. RWA.xyz shows 860,511 wallets now hold RWAs on Solana. That is up 14.22% over the past 30 days.
The network hosts 3,516 tokenized assets. Funds tied to BlackRock and JPMorgan are among those listed on the tracker’s Solana chart.
Those assets are also moving more. RWA transfer volume on Solana reached $16.20 billion over the past 30 days. That is an 80.11% rise from the previous period.
Ducoff said institutional interest is one of the main forces behind the growth. He noted that seven of the 29 global systemically important banks are building on Solana. He said more are expected by year end.
Stablecoins add another $14.32 billion in value on Solana, according to RWA.xyz. They are held by 13.70 million wallets, a 5.47% increase from 30 days earlier.
Separate data from Solana’s Q3 update shows the network generated nearly $300 million in application revenue. That is a 50% increase from Q2. Spot decentralized exchange volume reached $197 billion.
"The growth is just parabolic all across the board."
Almost $300 million in app revenue in Q3, up 50% from Q2. $197 billion in spot DEX volume. Stablecoin market cap at $17.51 billion, another ATH. Almost 2,900 projects submitted for Colosseum's Frontier.
– @paarugsethi,… pic.twitter.com/5RY4jCej2z
— Solana (@solana) November 2, 2026
Developer interest also stayed strong. Nearly 2,900 projects were submitted for Colosseum’s Frontier initiative.
Stablecoin market capitalization on Solana reached $17.51 billion in the same update. That marks another all-time high.
SOL Price and Analyst Views
SOL price faces a mixed picture in the short term. The token was rejected near $125 and is down 3.02% on the day.
Analyst Crypto Patel says SOL may have completed a five-wave Elliott Wave impulse pattern. He believes this could lead to an ABC correction. He sees $90-$93 as the first support zone.
If buyers hold that area, Crypto Patel says SOL could rebound to $107-$112. He views that zone as possible resistance for Wave B rather than a breakout level.
$SOL Just Completed 5 Elliott Waves. Is a Massive Correction Coming?
Solana appears to have completed a 5-wave bullish impulse, with the rejection near $125 potentially marking the beginning of a larger ABC correction.
My key levels:
➤ $90–$93: Immediate support (Wave A)
➤… pic.twitter.com/QE8FM2yBRN— Crypto Patel (@CryptoPatel) November 2, 2026
A break below $90-$93 could expose the next demand zone at $73-$78. Crypto Patel sees that as the possible end of Wave C.
The bearish scenario would be invalid on a higher-timeframe close above $114. If the correction ends near the lower demand zone, Crypto Patel says SOL could set up for a move toward $160-$200.
On the more bullish side, the X account CryptoCurb posted on Nov. 1 that the setup has “similar vibes to 2023.” The account said to buy the 50-week moving average and predicted SOL going to $1,000 or more.
Solana’s RWA value stood at $5.12 billion on RWA.xyz as of Nov. 2, with 860,511 holders and $16.20 billion in 30-day transfer volume.
