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95% of Global Tokenized Equity, SOL Down 74%: What Has to Give?
Audio is available on Spreaker — see link below.
Solana holds 95% of all tokenized equity trading globally and just crossed $3.4B in RWA value — yet SOL sits 74% below its January peak. Today's episode unpacks the widening gap between protocol performance and token price, with analysis on the Bitwise ETF filing, MoneyGram's validator activation, and DEX rotation signals.
Audio is available on Spreaker — see link below.
Solana now holds ninety-five percent of all tokenized equity trading globally, its real-world asset ecosystem just crossed three point four billion dollars, and the token is sitting seventy-four percent below its January peak. That's the central tension today.
Add to that the Bitwise Solana ETF filing now sitting in the SEC queue. Filing is not approval.
On price, SOL is trading around seventy-eight dollars. The daily chart shows cautious support, holding above both the twenty and fifty-day moving averages near seventy-six fifty.
One development that deserves careful attention is MoneyGram's activation of a Solana validator node. On the surface, it's a positive adoption signal.
On-chain activity is also showing some rotation worth watching. PumpSwap fees are up over a hundred and fifty percent across thirty days while Raydium, historically the dominant DEX, is down forty-five percent over the same period.
The core question this episode can't fully answer yet is whether Solana's infrastructure success will eventually close the gap with token valuation, or whether institutional adoption at the protocol layer can permanently decouple from the asset price. That's the real test.
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