Solana drew $378.2 million in net tokenized U.S. Treasury inflows over the 30 days ending August 15, outpacing Ethereum's $272.2 million and BNB Chain's $49.2 million as the overall market reached $16.23 billion, up 1.81%, according to RWA.xyz. Ethereum still held about 43% of outstanding value and BNB Chain about 31.5%, but the monthly flow data pointed to Solana as the main destination for new institutional allocations rather than legacy market share. The network's broader real-world-asset ecosystem hit a record $3.9 billion in distributed value the same week, the official Solana weekly newsletter said on August 16, supported by deployments including BlackRock's $2.7 billion BUIDL fund, Ondo Finance's $2.15 billion USDY and Galaxy Digital's roughly $161 million SWEEP. Solana's appeal has centered on sub-second settlement, low fees and the ability to use Treasury tokens as collateral in DeFi, with USDY integrated into Drift Protocol and Kamino Finance.