Could introduced new highs throughout Solana’s RWA ecosystem, tokenized equities exercise, stablecoin provide, perps quantity, and spot ETF inflows. Solana’s share of cumulative onchain tokenized equities spot buying and selling quantity reached 97%, RWA complete worth reached a brand new all-time excessive of $2.8B+, and spot Solana ETF AUM crossed $1B. The month additionally introduced the primary stablecoin issued by a U.S. nationwide financial institution out there immediately inside a banking app. A world funds community activated Solana-native stablecoin infrastructure.
The ecosystem additions had been broad: new validator purchasers, a redesigned token program, new fee market infrastructure, expanded agent tooling, and RWA asset courses that included reinsurance, spirits, EV {hardware}, vitality infrastructure, and bodily silver alongside equities and stablecoins.
Could by the Numbers
- $2.8B+ in RWA worth: Solana’s RWA ecosystem reached a brand new all-time excessive throughout Could, with new highs throughout worth, holders, energetic addresses, and switch quantity
- 97% tokenized equities share: Solana accounted for 97% of cumulative onchain tokenized equities spot buying and selling quantity
- $16.4B stablecoin provide: Solana stablecoin provide crossed $16B throughout Could
- $64.6B in perps quantity: Solana perps venues reached a brand new month-to-month quantity report in Could
- $115.3M in ETF inflows: US spot Solana ETFs recorded highest web inflows in Could, with zero outflow days
Tokenized Property and RWA
Could was one in all Solana’s strongest months but for tokenized property, with RWA worth, holders, energetic addresses, switch quantity, and tokenized equities exercise all reaching new highs.
Solana’s RWA ecosystem reached a brand new all-time excessive of $2.8B+ in complete worth, with onchain RWA holders crossing 230K, additionally a brand new excessive. Solana captured 97% of cumulative onchain tokenized equities spot buying and selling quantity. Individually, tokenized inventory holders crossed 200K for the primary time.
OnRe marked its one-year anniversary with $178M+ AUM and 6,200 ONyc holders. ONyc crossed $100M in energetic market cap and expanded liquidity by means of integrations with Exponent Finance and Loopscale, including concentrated liquidity, fixed-rate restrict order infrastructure, and an automatic development vault. Ahead Industries and RockawayX co-led a $5M Sequence A for OnRe.
- Bullish tokenized its complete 151M-share cap desk on Solana following its acquisition of Equiniti
- Republic opened buying and selling for tokenized Animoca Manufacturers fairness on Solana for eligible buyers
- Streamex and Orca launched 24/7 onchain secondary liquidity infrastructure for regulated tokenized securities, with GLDY as the primary tokenized safety to commerce by means of a customized permissioned pool on Orca
- Dominion Market launched 1:1 asset-backed bodily silver tokenization natively on Solana, held in safe vault custody.
- Evoracharge tokenized its bodily EV batteries and chargers as RWAs after delivering 300K km of vitality through cellular charging and battery swap companies
ETFs and Institutional Capital
Institutional entry additionally expanded in Could, with spot Solana ETF inflows accelerating and new custody, signing, and fund infrastructure coming on-line.
US spot Solana ETFs crossed $1B in AUM, reaching roughly $1.13B by month-end. US spot Solana ETFs recorded their strongest month-to-month web inflows of 2026, with zero outflow days.
- Amundi, Europe’s largest asset supervisor, and Spiko Finance expanded their SAFO UCITS fund to Solana
- Kraken Custody launched regulated SPL custody for institutional purchasers, beginning with 18 tokens
- Anchorage launched Visible Signal Protocol, decoding advanced Solana transactions into plain English for institutional signers, beginning with a curated group of functions
DeFi: Lending, Perps, and Yield Infrastructure
DeFi exercise broadened throughout lending, fixed-rate markets, perps, routing, and yield infrastructure, with a number of venues setting new development data through the month.
Kamino’s Ethena market crossed $400M in complete dimension inside 24 hours of launch, the quickest market growth in Kamino’s historical past. The mixed Ethena markets on Jupiter Lend and Kamino crossed $1B in deployed capital inside days. Bitwise curated the Jupiter Lend Ethena marketplace for eligible individuals.
- Exponent Finance launched v2 with technique vaults, a hybrid liquidity engine, and risk-tranching swaps constructed on its open-source yield-stripping infrastructure
- Jupiter Offerbook entered public beta as a fixed-rate, fixed-term credit score platform enabling borrowing in opposition to any token, NFT, or buying and selling card
- Loopscale launched Loopscale Earn, consolidating fixed-yield property, lending, borrowing, looping, market making, perps, and multi-venue execution into curated vault positions
- Solstice crossed $500M in TVL and acquired an allocation from NYSE-listed Bullish into its delta-neutral yield technique
- RockawayX’s USDC RWA vault on Kamino crossed $40M in provide
- Replicate overhauled its stablecoin infrastructure with venue-agnostic multi-venue routing and impartial danger evaluation changing team-discretion allocation
- Hive launched a non-custodial stablecoin yield aggregator that routes stablecoins throughout a number of lending markets
- Raydium activated restrict orders, dynamic charges, and single-sided charges on its CLMM
- Meteora launched restrict orders that pay yield on executed trades
- Phoenix launched 24/7 onchain crude oil and gold perpetuals buying and selling. Perps exercise additionally reached a brand new excessive in Could, with Solana venues recording $64.6B in month-to-month perp quantity, in accordance with DeFiLlama
- DFlow went dwell as Coinbase’s main Solana liquidity router
- Externally issued tokens additionally reached a brand new excessive as a share of Solana spot DEX exercise, accounting for 8% of month-to-month spot DEX quantity in Could. Reflecting Solana’s rising position as a venue for buying and selling non-native property
- Mayan crossed 1M exterior wallets bridged to Solana, with $2.5B+ in stablecoins moved throughout 600K+ transactions
Stablecoins and Funds
Stablecoin and funds exercise continued to maneuver nearer to mainstream distribution, with financial institution, funds, client app, and service provider infrastructure bulletins all touching Solana in Could.
Western Union’s USDPT stablecoin went dwell on Solana, issued by Anchorage Digital Financial institution, N.A., with rollout starting in preliminary markets and anticipated to broaden throughout Western Union’s community by means of 2026.
- Money App rolled out USDC assist for all eligible prospects, together with assist for Solana
- SoFi made SoFiUSD (SoFiD) out there on Solana in late Could, the primary stablecoin issued by a U.S. nationwide financial institution to turn out to be out there immediately inside a banking app, the place SoFi’s roughly 15M members should purchase, promote, maintain, and convert it
- USDF, a customized stablecoin in-built partnership with Coinbase, went dwell on Flipcash on Solana
- KRWQ, a Korean won-pegged stablecoin from KrwqCash, expanded to Solana
- MoonPay grew to become the primary crypto onramp built-in into ChatGPT Apps. WalletConnect added Solana assist to WalletConnect Pay, increasing service provider stablecoin and token acceptance to eligible individuals
- AirAsia MOVE, Intebix, and the Solana Basis signed a letter of intent to deliver KTZE, a Kazakhstani tenge-pegged stablecoin, to Solana
Shopper RWAs
Shopper-facing RWAs continued to broaden past monetary property, with collectibles, spirits, playing cards, and fan tokens bringing bodily and cultural property onchain.
Collector Crypt surpassed $1B in complete platform quantity and partnered with ComicBook to deliver a collectibles gacha machine to 40M customers
- Beezie expanded its tokenized collectibles platform to Solana
- Phygitals crossed $250M in complete platform quantity
- Slabzapp debuted an RWA collectibles arcade designed to increase buying and selling card engagement past pack-opening
- Artifacte launched as an RWA aggregator combining luxurious collectibles, card strains, and gacha mechanics
- BAXUSco activated bodily RWA merchandising machines for direct spirits assortment and buying and selling
- PSG and AFC Fan Tokens went dwell on Solana
Agentic Commerce and Machine Funds
Machine funds grew to become a extra seen a part of the Solana story in Could, as brokers gained new methods to find APIs, execute transactions, talk, and settle funds onchain.
The Solana Basis launched Pay.sh in collaboration with Google Cloud: a market the place AI brokers can uncover, entry, and pay per request for Google Cloud APIs together with Gemini, BigQuery, and Vertex AI utilizing stablecoins on Solana, with out accounts or subscriptions.
- Phoenix launched Vulcan, a CLI buying and selling device for human merchants and brokers
- Flash Commerce activated MCP for prompt-to-transaction execution
- Clawpump launched MCP v2 with NousResearch Hermes compatibility, giving brokers entry to 94 DeFi endpoints, market intelligence, and Phoenix perp leverage
- Packet MCP deployed wallet-native inbox and cost infrastructure for autonomous brokers, enabling encrypted messaging, persistent communication threads, and on-chain cost rails for brokers working as community individuals
- Starchild built-in Solana Expertise into its market, overlaying funds, token transfers, and utility constructing
- AgentScore described facilitating a completely autonomous AI agent wine buy on Solana, with verified KYC age-gating and cost settled over Solana with no human within the transaction loop
- Milo v2 launched with curated agent discovery, portfolio updates, and expanded market filters
Infrastructure
On the protocol and developer layer, Could introduced upgrades geared toward making Solana cheaper, simpler to construct on, and extra resilient for high-throughput functions.
Anza shipped P-Token to mainnet, an optimized rewrite of the SPL Token program that reduces token instruction compute prices by roughly 96%, liberating 12–13% extra block house for the broader community with out altering block limits.
Jito launched FireBAM, a Frankendancer-compatible validator consumer merging Firedancer’s efficiency and throughput with BAM’s privateness and deterministic execution through trusted execution environments. FireBAM helps a transition path to full Firedancer when it turns into out there.
Solana joined the Open Transaction Layer as a founding accomplice to develop cross-chain requirements for identification, compliance, and settlement messaging.
- The tokens.xyz Property API opened to all builders
- Blueshift launched Web3.js 3.0, a full rebuild of solana/web3.js on Equipment, with the present API preserved for backward compatibility
- Termina launched a historic mainnet simulation setting enabling groups to replay proposed adjustments in opposition to mainnet historical past earlier than deployment
- Arcium Mainnet Alpha processed over 200K encrypted computations on Solana
- RockawayX debuted Zela, an built-in execution platform combining DoubleZero fiber, colocation, high-staked transaction forwarding, and uncooked shred supply right into a single stack for high-frequency actors
Ecosystem and Occasions
The broader ecosystem additionally stored increasing by means of teaching programs, builder residencies, regional summits, creator initiatives, and community-led impression tasks.
Solana launched its official TikTok account.
- SheFi introduced its largest academic cohort so far
- AlmaU, one in all Kazakhstan’s main universities, signed an MOU to combine Solana blockchain growth into its educational curriculum
- Solana Summer time Faculty opened registration for 5 weeks of dwell classes and developer workplace hours for present faculty college students
- Superteam India concluded India Startup Village 2026, a ten-day residency for Solana builders and founders in Mumbai
- Formacity established Forma Bristol as its first everlasting campus, anchoring a mannequin constructed over two years of Solana-backed popup villages around the globe
- MonkeFoundry opened Cohort 2 functions
- The Solana incubator’s Cohort 4 Demo Day came about in New York
- Boobillions and Hold A Breast reported that over $82K has been routed from onchain exercise on Solana into breast most cancers training, prevention, and wellness initiatives, together with funding towards building of a wellness constructing
- The Solana Coverage Institute introduced Solana Summit: Washington x Wall Road in Chicago for June 16
- SuperteamDE and SuperteamNG introduced Solana Summits in Germany on June 13 and Nigeria on August 8
A Broader Floor Space
Could’s breadth was notable even by latest requirements. The identical month that delivered bank-issued stablecoins and a European UCITS fund growth additionally noticed validator purchasers merge, a core token program ship its first main rewrite, and the agentic cost layer acquire sufficient MCP tooling to begin wanting like infrastructure slightly than experiment.
The through-line will not be a single theme however a sample: extra of the establishments, issuers, and builders which have traditionally watched from the sidelines are actually constructing on or integrating with Solana immediately. The RWA all-time excessive, the tokenized equities quantity share, and the strongest month of ETF inflows this yr all mirror the identical underlying shift. The community’s manufacturing footprint retains increasing.
