4 weeks ago
11
SOL traded near $77.80, caught between those two stories: institutional adoption data that keeps setting records, and a market that has stopped believing the records matter.
Key Takeaways
- Solana processed $5.77B in tokenized asset volume in Q2, a quarterly record.
- RWA value crossed $3B; stablecoin supply on Solana passed $16B.
- Morpho arrives with $7.03B TVL and $21.2M in 30-day fees across 39 chains.
- Santiment recorded the largest negative-sentiment day since November 2025.
The Institutional Consolidation Nobody Is Pricing
The market consensus treats Solana as a retail chain having a quiet year. The adoption data describes something else. Solana closed Q2 with $5.77 billion in tokenized asset spot volume, a quarterly all-time high more than seven times the entire second half of 2025. Total RWA active cap on the network crossed $1.8 billion in early July while stablecoin supply passed $14 billion...
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