Solana recorded the highest growth in tokenized fund market capitalization among major blockchain networks over the past 24 hours, with an increase of $57.5 million, according to data from the RWA Foundation. This surge in the real-world asset (RWA) sector underscores Solana’s expanding role as a leading network in deploying tokenized assets, even as the SOL token faces significant price volatility in the broader cryptocurrency market.
Solana outpaces competitors in tokenized fund expansion
The RWA Foundation, a non-profit group focused on advancing tokenized real-world assets across blockchain networks, reported that Solana’s gain significantly outperformed other leading platforms. Ethereum followed with $6.8 million in growth, while Avalanche added $3 million and Aptos increased by $2 million. XRP Ledger saw a rise of $1.6 million, while Fraxtal and Polygon experienced smaller gains of $621,100 and $504,100, respectively.
Solana’s expansion was more than eight times larger than that of Ethereum, highlighting a marked uptick in tokenized asset activity on its network within a single day. The data highlights the network’s momentum in attracting new tokenized funds and issuers.
| Network | 24h Tokenized Fund Growth |
|---|---|
| Solana | $57.5 million |
| Ethereum | $6.8 million |
| Avalanche | $3 million |
| Aptos | $2 million |
| XRP Ledger | $1.6 million |
| Fraxtal | $621,100 |
| Polygon | $504,100 |
Mini dictionary: RWA Foundation, an organization that provides analytics and promotes the development of tokenized real-world assets across multiple blockchain platforms.
While this growth signals increasing issuance of real-world asset tokens on Solana, it does not necessarily indicate direct capital inflows into the SOL token itself. Instead, it suggests rising activity by asset issuers looking to leverage Solana’s technology for tokenization.
SOL market faces selling pressure amid ecosystem strength
Despite Solana’s advance in the RWA sector, its native token SOL has come under pressure. On November 14, SOL traded near $75.16, reflecting a daily decline of about 7.44%. Over the past seven days, SOL’s price dropped approximately 16.18%, while its total market capitalization hovered around $44.51 billion.
The decline in token price comes as crypto markets experience a broader correction, emphasizing the difference between network adoption and near-term token performance. According to market participants, continued growth in tokenized funds could reinforce Solana’s ecosystem, but this does not secure an immediate rebound for SOL’s price.
Crypto analyst Crypto Patel described Solana entering the Wave C phase of a bearish market pattern, reaching the $70 region, and facing a crucial test of support amid increased selling pressure.
Crypto Patel, a well-known independent analyst, noted that his anticipated Wave B corrective recovery did not materialize. Instead, Solana directly entered Wave C and reached the $70 area, which he considers a key technical level for buyers to defend.
He outlined differences in sentiment from the previous month, when expectations ranged between $200 and $300 for SOL after the token surpassed $120. Patel identified the $70 support as pivotal for any potential bullish reversal and pointed out that a breakdown could bring prices toward the $30 accumulation zone.
Key support and resistance levels in focus
At the current stage, Solana’s immediate outlook depends on whether buyers can maintain support around the $70 region and prevent additional losses. A sustained recovery would require SOL to reclaim key resistance levels above its present trading range. Conversely, further downside could increase selling momentum and test lower price levels highlighted by market analysts.
Analysts pointed to the sharp divergence between Solana’s expanding tokenized fund activity and the short-term weakness in its native token, underscoring the uncertain link between network adoption and immediate price recovery.
Patel stated he is willing to accumulate SOL at levels near $30 if current support fails, with long-term targets of $500 to $1,000 based on personal projections. However, these targets remain speculative and market volatility remains high.
Solana’s development in real-world asset issuance may continue to strengthen its role within the crypto ecosystem, but network adoption alone has not yet translated into immediate price gains for its native token.
