Despite the ongoing downward price movement, the Solana network remains stable, with activity continuing to grow significantly. One of the areas where the SOL network is currently present Seeing tremendous growth Again it is the Real World Assets (RWA) ecosystem.
The RWA value on the Solana network rises sharply
Solana It’s getting attention from the community again, even as its price drops to the $85 mark. With sideways price action over the past few weeks, SOL Network is rapidly expanding its presence in the real-world asset sector.
As tokenization gains significant momentum in the cryptocurrency space, the value of tokenized assets on the SOL network has seen tremendous growth. A recent report from Solana’s official page on the X platform reveals The value of RWA rose to more than $2.8 billion, representing a new all-time high.
This number represents another major milestone for the leading network, strengthening its position in the blockchain sector. Demonstrates rapid expansion Growing interest In bringing traditional financial products such as Treasuries and other yield-generating assets to the blockchain.
SOL’s attraction to this kind of tremendous value in RWA is largely due to its fast transaction speed and low costs. As institutional and developer activity around RWAs accelerates, this number is expected to expand in the future.
SOL Perp’s trading volume is trending at its highest levels yet
In other areas, such as the volume of perpetual futures (Perp), Solana Network It is also experiencing significant growth. David Alexander, on-chain data expert, I mentioned Trading volume in SOL rose sharply, opening the week at an all-time high. This development has led to a significant rise in trader participation and speculative activity, as derivatives markets become more active in response to SOL price fluctuations.
According to the data, the network now handles about $20 billion in total crime volume, second only to… Excess fluid (HYPE)which currently handles more than $42 billion. However, open interest across Solana perps is only $223 million compared to Hyperliquid’s $9 billion.
Alexander highlighted that the majority of SOL’s trading volume was led by GMTrade, one of the leading RWA perp DEX companies, valued at $16 billion. Others include Pacifica and Jupiter Exchange, which received $2.9 billion and $1.3 billion, respectively.
This milestone comes just days after the release of the Solana perp opinion Its highest daily profit volume, recording over $4.7 billion in one day, representing +500% monthly. At the time of completion, SOL accounted for 21% of all crimes activityis still only behind Hyperliquid at 36%. In times of increased volatility and speed such as the current market situation, higher trading volume is sometimes seen as an indicator of increased market interest and liquidity.
At the time of writing, SOL price is trading at $85, showing a 0.41% increase over the past 24 hours. Trading volume also increased slightly by more than 1.61% during the same time frame.
Featured image from Adobe Stock, chart from Tradingview.com
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