Solana’s RWA market surpasses $700M all-time high as adoption accelerates

  • Tokenized real-world assets on Solana hit a record $707.79M.
  • RWA holders jumped 18% the past month, indicating amplified adoption.
  • Stablecoin activity on the SOL blockchain increased by 68% the last 30 days.

Amid the gloomy broader sentiments, the Solana community celebrated a key milestone.

According to RWA.xyz data, the total value of tokenized real-world assets (RWAs) on the Solana network increased by 5.8% the past month to $707.79 million, setting a fresh all-time high.

The surge reflects the current trend where traditional markets are merging with blockchain platforms.

Notably, RWA tokenization involves digitizing ownership of intangible or tangible real-world assets, including artwork, digital assets, and real estate, using blockchain technology.

Solana’s capability of handling massive transactions at cheaper costs has made it perfect for these innovations.

With its unique proof-of-stake and proof-of-history mechanisms, the crypto project can process over 65,000 TPS (transactions per second).

Syndica’s latest blog shows Solana has maintained 6x faster TPS than any other chain for eight consecutive months.

That’s the type of speed essential for handling large-scale real-world asset tokenization.

Increasing holders signal confidence

The data shows RWA holders on Solana surged to 92,526 after an 18.28% uptick in the last 30 days.

This confirms increased trust from institutional and individual investors who see Solana as the blockchain for streamlined tokenization.

Furthermore, the remarkable jump reflects the new trend of market players viewing tokenized investments as viable alternatives to traditional assets.

In total, Solana currently has 94 distinct tokenized RWAs, ranging from real estate and treasury bills to commodities.

Such diversification strengthens the SOL ecosystem. Moreover, they reduce risks as users have multiple channels for exposure.

As mainstream finance moves on-chain, Solana appears as a leading destination for tokenized products.

Its low fees, high interoperability, and speed might continue attracting serious capital in the coming months and years.

Stablecoins strengthen Solana’s on-chain economy

Besides the thriving RWA market, Solana’s stablecoin market cap soared 17.5% the previous month to $14.74 billion.

These stable tokens serve various purposes across the SOL platform, including trading, on-chain payments, and lending.

Moreover, stablecoin holders jumped 2.77% in 30 days to 11.78 million.

Most impressively, stablecoin transactions skyrocketed 68.44% in a month to $542.87 million.

Solstice Finance debuted its USX stablecoin on Solana on September 30.

SOL price outlook

Solana is trading at $189. It has lost nearly 15% of its value in the past month as broader market bearishness outweighed optimism surrounding the tokenization updates.

SOL gained more than 2% the past 24 hours, though the 13% slump in daily trading volume reflects bearish sentiment.

The token reflects the prevailing overall market downturn, but institutional interest positions it for impressive comebacks amid broad-based bull runs.

The incredible success in the tokenization industry signals Solana entering a new era of growth, fueled by real-world adoption.

 

The post Solana’s RWA market surpasses $700M all-time high as adoption accelerates appeared first on CoinJournal.

Bitcoin price prediction: BTC reclaims $109k as analysts predict dump

Key takeaways

  • BTC is trading above $109k after adding 1% to its value in the last 24 hours.
  • Standard Chartered analysts believe BTC’s price could dip below $100k before resuming its rally.

Bitcoin could slide below $100k, says Standard Chartered analysts

Bitcoin has been extremely volatile this month, dropping to the $102k level just days after hitting a new all-time high of $126k. The price has failed to recover since the October 10 liquidation event.

Standard Chartered’s head of digital asset research, Geoffrey Kendrick, told investors on Wednesday that Bitcoin could drop briefly below the $100,000 mark by the weekend. The analyst added that the dip is inevitable but expects it to be temporary. The dip should serve as a window for investors, but maintains that it remains uncertain how low Bitcoin could go. In his note, Kendrick wrote that, 

The question now is, how far does Bitcoin fall before finding a base?

He added that this may be the last time ever Bitcoin falls below the $100k level. According to Kendrick, the all-time high recorded on October 6 was in line with short-term price targets, but failed to rally higher due to growing macroeconomic concerns caused by renewed US-China trade tensions.

The analysts pointed out three factors that could boost Bitcoin’s price in the near term, including a massive selloff in Gold earlier this week. He hinted at a possible rotation of funds from precious metals to more risky assets such as cryptocurrencies. 

The second factor is the monetary policy, with signs that the Fed could reduce interest rates once again, suggesting another Bitcoin rally. Kendrick maintains that Bitcoin’s price could hit $200k despite the ongoing market conditions.

BTC eyes $114k as market conditions improve

The BTC/USD 4-hour chart remains bearish and efficient despite Bitcoin adding 1% to its value in the last 24 hours. At press time, BTC is trading around $109,650 but could rally higher in the near term.

BTC/USD 4H Chart

The RSI of 51 shows that the bulls are regaining control of the market, with the MACD lines also within the positive territory.

If the recovery continues, BTC could rally towards the weekly high of $113,964 over the next few hours. An extended bullish run would allow it to take out the ILQ level at $116k. However, if the bearish trend persists, Bitcoin could drop below the weekend low of $105k.

The post Bitcoin price prediction: BTC reclaims $109k as analysts predict dump appeared first on CoinJournal.

Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

  • Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
  • Traders are awaiting a key US inflation (CPI) report due out on Friday.
  • Hopes are rising for a de-escalation in the US-China trade war.

Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

The stabilization reflects what the analytics firm QCP Capital has described as a “narrow-range equilibrium,” a period of calm before a potential storm.

A singular focus on the US inflation report

The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

Hopes are rising for a US-China détente

Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.” 

This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

A cleaner slate after a brutal liquidation flush

This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

What to watch in the markets

For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

For Ethereum, the picture is more divided.

A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

The post Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data appeared first on CoinJournal.