--- title: "Birdeye: Solana Tokenized Equities Pass 1M Wallets in Q3 as RWA Base Reaches $4.5B" description: "Tokenized stock holders jumped 269% and $SOL wallet counts rose 20.5% in the third quarter of 2026, even as spot trading volume dropped 43%." url: https://basisdesk.news/news/solana-q3-2026-tokenized-stocks-rwa-growth published: 2026-11-12T20:26:19.559Z modified: 2026-11-12T20:26:19.559Z section: RWA & Tokenization author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [SOL, USDC, USDT, BTC, ETH] tags: [solana, tokenized-stocks, rwa, stablecoins, etf, kamino] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Birdeye: Solana Tokenized Equities Pass 1M Wallets in Q3 as RWA Base Reaches $4.5B Tokenized stock holders jumped 269% and $SOL wallet counts rose 20.5% in the third quarter of 2026, even as spot trading volume dropped 43%. ## At a glance - **What happened:** Birdeye Research reported Solana tokenized equity wallets grew 269% to 1.02 million in Q3 2026, while total RWA market value rose to $4.49 billion. - **Why it matters:** Underlying network adoption and payments usage decoupled from broader trading turnover, showing steady user accumulation despite a 43% drop in daily SOL spot volumes. - **Who is affected:** Solana ecosystem users, tokenized equity issuers such as xStocks and Backpack, and decentralized lending platforms like Kamino. - **What's next:** Issuers and protocols await fourth-quarter 2026 metrics to gauge whether tokenized stock ownership and card payment volume can maintain their growth pace. - **Primary source:** [Solana Q3 2026 Report: Where Conviction Grows | Birdeye Research](https://birdeye.so/research/detail/solana-q3-2026-report-where-conviction-grows) — birdeye.so ## Key points - Wallets holding tokenized stocks on Solana grew 269% in Q3 2026 to exceed 1.02 million accounts, according to Birdeye Research. - Solana's real-world asset market reached $4.49 billion, up 28% quarter-over-quarter and 4.5x year-over-year. - Card payments processed on Solana reached a record $262.7 million in Q3, while total lending supply climbed 25% to $5.15 billion. ## Editorial remark - **Context:** Solana spent the early parts of 2026 navigating lower spot trading activity and reduced turnover, pivoting its ecosystem narrative away from short-term speculative DEX volumes toward persistent real-world asset infrastructure and retail payment settlement rails. - **Impact:** Issuers such as xStocks, Backpack, and OnRe captured significant market share, while users demonstrated stickier wallet retention across tokenized equities, yield-bearing treasuries, and consumer card payment mechanisms. - **Watch:** Market participants will monitor whether fourth-quarter RWA expansion sustains momentum amid broader crypto market drawdowns, as well as institutional inflows into spot SOL ETF products. Solana's tokenized equity accounts expanded past the one-million mark in the third quarter of 2026, rising 269% from 278,784 on July 1 to 1,028,008 [1]. According to a quarterly report published by Birdeye Research on Nov. 12, tokenized stock market capitalization grew 43% to $514.8 million during the same period, led by platforms including xStocks and Backpack [1]. Decentralized exchange trading volume for tokenized equities climbed 17% quarter-over-quarter to $5.76 billion [1]. The expansion in real-world assets occurred alongside broader user accumulation across the network, despite a sharp contraction in daily speculative activity [1]. The native token $SOL gained 54% in the quarter, climbing from $77.38 to close at a peak of $119.08 on Sept. 22, lifting its market cap to $69.9 billion [1]. However, daily SOL trading volume dropped 43% from $10.8 billion in the second quarter to $6.1 billion [1]. In contrast, wallets holding SOL grew 20.5% during the quarter to 8.38 million, while stablecoin holder wallets increased 16% to 13.07 million across a collective $15.56 billion stablecoin market capitalization [1]. At the time of writing, SOL trades at $81.43 amid broader market weakness. ## Payments and Credit Expansion Real-world adoption metrics extended into payments and onchain lending [1]. Solana card payment volume reached a record $262.7 million in the quarter, rising 17.5% from the second quarter, paced by a record $106.2 million in August [1]. Solana accounted for 13.6% of all cross-chain card volume in the period, bringing year-to-date processing to $650.4 million compared to $13.8 million during the same period in 2025 [1]. Circle's USDC retained its dominant position among payment rails, expanding its supply share to 52.9%, even as newcomers Anchorage USDGO and World Liberty Financial's USD1 grew to $1.40 billion and $1.35 billion, respectively [1]. Solana's total real-world asset market value stood at $4.49 billion, up 28% in the quarter and 4.5 times year-over-year [1]. Tokenized treasuries formed the largest slice at $1.58 billion, supported by BlackRock's BUIDL [1]. In decentralized lending, total platform supply rose 25% to $5.15 billion, while RWA-backed collateral on Kamino reached $365 million [1]. OnRe's ONyc became Kamino's leading real-world asset collateral, surging 88% to $196.7 million [1]. Meanwhile, spot SOL exchange-traded funds added approximately $340 million in quarterly net inflows, taking cumulative total inflows to $1.47 billion [1]. ## Sources 1. [Solana Q3 2026 Report: Where Conviction Grows | Birdeye Research](https://birdeye.so/research/detail/solana-q3-2026-report-where-conviction-grows) — birdeye.so, 2026-11-12 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai