Solana ushers in the RWA boom: Ondo Finance launches over 200 assets, accelerating the on-chain transformation of trillion-dollar traditional finance

Ondo Finance has launched over 200 tokenized stocks and ETFs on the Solana mainnet, marking the official transition of the RWA track from concept validation to large-scale multi-chain deployment. This is not only Ondo’s strategic expansion but also reflects that on-chain traditional financial assets have become a core narrative in the crypto market, attracting institutional capital and mainstream attention.

Ondo’s Solana ambitions: From Base to Multi-Chain

Asset coverage completeness

The assets launched by Ondo on Solana cover the core categories of traditional financial portfolios:

• Stocks and ETFs across various industries
• Market indices and sector funds
• Commodities such as gold, silver, oil, etc.
• Government bonds and corporate bonds
• Leveraged and inverse ETFs

This means Solana users can now directly trade Wall Street-level financial products on-chain without traditional brokers. According to the latest news, this comprehensive portfolio connects trillions of dollars of traditional financial value through Ondo Global Markets.

Why choose Solana

Solana’s position in the crypto market is rising. According to the latest data, SOL is currently ranked 7th by market cap, with a 24-hour trading volume of $483 million. Choosing Solana as a key deployment target for RWA indicates that Ondo is not just doing technical adaptation but also competing for ecosystem users and liquidity.

The logic behind this is clear: RWA on the Base chain has already reached a preliminary scale, and now it needs to expand into other highly active ecosystems. Solana’s fast confirmation speed and low-cost features are naturally suited for high-frequency trading of financial assets.

Market status of the RWA track: From narrative to implementation

Sector performance indicates the issue

According to the latest market data, the RWA sector increased by 2.38% in the past 24 hours, with Ondo Finance (ONDO) up 2.74%. While this increase isn’t explosive, the significance lies in — even amid market volatility, the RWA sector maintains upward momentum.

In comparison, BTC and ETH experienced narrow fluctuations during the same period, indicating that funds are actively flowing into asset tokenization products with actual yields.

Market size is already considerable

According to Binance Research, the total value of RWA locked on-chain has surpassed $21 billion, officially exceeding the scale of DEXs (Decentralized Exchanges). What does this number imply?

The underlying support for on-chain finance is shifting from highly volatile altcoins to assets with real yields such as government bonds, stocks, and other traditional assets. This is a qualitative shift, indicating that RWA has moved from “concept innovation” to “practical application” stage.

Three market signals

1. Quiet institutional capital inflow

Based on on-chain data, Pantera Capital and Ondo Finance recently transferred over 200 million ONDO tokens to multi-signature addresses, worth approximately $80 million. What does such large-scale token transfer usually indicate? It could be unlocking, reallocation, but more importantly, it shows that institutional attention to this track is increasing.

2. Multi-chain deployment becomes inevitable

Ondo has already deployed at scale on chains like Base and Ethereum, and is now entering Solana. This expansion pace indicates that the RWA track has moved beyond the “single-chain validation” phase into the “multi-chain competition” phase. Other RWA projects (such as Rayls Labs, Centrifuge, etc.) are also following similar expansion paths.

3. The “on-chain wave” of traditional financial assets is accelerating

Launching 200+ assets on Solana essentially means: traditional financial investment products are entering the crypto world in tokenized form. The acceleration of this process signifies that the integration of the two markets is shifting from an ideal to a reality.

Potential impact on the Solana ecosystem

From Solana’s perspective, the introduction of RWA applications could bring several changes:

• Optimized user structure: attracting institutional and high-net-worth users seeking yields
• Enriched application ecosystem: expanding from pure trading and speculation to financial applications
• On-chain TVL growth: RWA applications typically require asset locking, which helps increase ecosystem TVL
• Market liquidity: trading volume of traditional financial assets may significantly surpass that of native crypto assets

Summary

Ondo Finance’s deployment on Solana is not an isolated product launch but another confirmation of the multi-chain trend in the RWA track. As traditional financial assets begin to be deployed at scale across different blockchains, it indicates that this track has moved from “concept validation” to “large-scale replication.”

For market participants, the key observation should be: whether these newly launched assets can truly attract on-chain liquidity, and whether more traditional financial institutions will participate in the future. If both conditions are met, RWA will truly become a new narrative center in the crypto market.