Solana has become the leading blockchain for tokenized commodities spot DEX volume, accounting for 36% of the market, ahead of Robinhood Chain at 26%. The shift is notable because Solana held about 1% three weeks earlier, while Ethereum dominated the market for much of the previous year. Canton ranked third with 19%, followed by Ethereum at 13% and BNB Chain at 4%. The latest activity follows several tokenized commodity launches on Solana, including silver, gold, oil and PAXG-related products, with much of the trading routed through Raydium. Ethereum nevertheless remains the dominant custodian of tokenized commodities, holding about $4.7 billion, or 95% of the market, compared with Solana’s $26.8 million. The small size of daily trading volumes means rankings could change quickly after a single new listing.