Solana News: RWAs Value Approaches $3 Billion Milestone, SOL Price Cools By 12%

Key Insights:

• Solana news: Solana RWAs continue to grow exponentially, surpassing $2.8 billion.
• SOL price retreated by 10% on the weekly timeframe, and liquidation pressure contributed to SOL’s weekly freefall.
• Europe’s largest asset manager rolled out a UCITS fund on Solana.

Solana’s real-world asset sector continued expanding this week, even as SOL price came under renewed selling pressure. Data showed tokenized assets on the network climbed above $2.8 billion. That reinforced Solana’s growing role in the blockchain-based financial infrastructure market.

At the same time, SOL erased most of its early May rally after another rejection near major resistance.

Solana News: Real World Asset Growth Accelerates

Data from Capital Markets showed the value of RWAs on Solana rose from below $1.5 billion in Jan. 2026 to more than $2.8 billion this month.

The rate of RWAs’ growth on the network makes for exciting Solana news, as it is now on an exponential trajectory. Moreover, it could be on track to cross the $3 billion mark within weeks if it maintains the same robust growth rate.

The number of RWA addresses on the Solana network has exceeded 216,000. Yet another record, but this growth did not align with SOL price performance.

Amundi Deployed UCITS Fund on Solana

Still on RWAs, Amundi, the largest asset manager in Europe, has reportedly rolled out a UCITS fund on Solana. This was a major development because UCITS funds are standardized mutual fund vehicles that can be traded across the European Union.

The fact that this type of investment fund is embraced across the EU makes it quite attractive. This represents the latest RWA move for the Solana network.

This development highlights the preference for Solana in deploying traditional financial instruments on-chain. It was also the network’s latest example of institutional adoption.

SOL Price Retreated to Its Consolidation Zone

At the opposite end of the Solana news spectrum, we explore the performance of its native cryptocurrency. SOL price action has been stuck in a consolidation zone since early February.

SOL crypto was off to a bullish start earlier this month, reigniting optimism that it might break out of the consolidation zone. However, it peaked just above $98 on Monday, after which it embarked on a retracement.

The pivot occurred after price retested the consolidation zone’s resistance level. SOL price has since lost most of the gains that it achieved in the first 11 days of May. A 12% retracement ensured this outcome. SOL crypto exchanged hands at $86 at press time.

SOL price has since reverted to the consolidation zone. This was a noteworthy outcome because investors have been waiting to see whether the rally would be sustainable. The retracement may also present another accumulation opportunity at sub-$90 price levels.

Solana News: Liquidation Contributed to SOL Price Downside

On-chain data for Solana crypto showed that spot outflows have been dominant since Monday. They were also highest in the last 24 hours, during which the cryptocurrency faced $33 million in net outflows.

On the derivatives side, Solana open interest surged from roughly $4.9 billion at the start of May to $6.7 billion as of 12 May. This signaled that the rally was backed by robust leveraged long positioning.

Unsurprisingly, the SOL price correction triggered a surge in long liquidations in the last 5 days. There were roughly $25 million in long liquidations over the last 24 hours, compared with less than $500,000 in short liquidations during the same period.

In conclusion, SOL was still trading at a notable discount, especially after this week’s retracement. Its growing RWAs portfolio may support long-term recovery prospects, but Solana crypto kept struggling with short-term sell pressure for now.

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