Solana’s $4.4T trading boom, RWA wallet flip and thin liquidity challenge Ethereum’s lead
Over the past three years, Solana’s token trading volume has accumulated to roughly $4.4 trillion, with recent weekly activity stabilizing around $12–$15 billion even after speculative spikes cooled. At the same time, Solana has slightly surpassed Ethereum in the number of RWA-holding wallets despite Ethereum still concentrating around $15.45 billion in tokenized RWAs and far deeper stablecoin and liquidity reserves.