Solana Is Beating Ethereum in Tokenized Assets. That Might Not Make It the Better Buy.
Capital is voting with its feet.
Overview
Over the 30-day period ending on Aug. 19, the sum of tokenized real-world assets (RWAs) on Solana (CRYPTO: SOL) saw $263 million in capital inflows, while the same category on Ethereum (CRYPTO: ETH) saw outflows of $337 million. Since tokenization is the process of representing an asset like a stock or bond as a crypto token, those flows indicate that real value is moving across blockchains.
There's a $600 million swing between Solana's inflows and Ethereum's outflows. I'm not saying that investors moved their assets directly from one blockchain to another, but the opposite trends are real.
Details
Given Ethereum's position as the incumbent champion in the tokenized asset space, Solana's strong performance is a clear victory for it as a challenger. I predict that the chain will continue to one-up Ethereum in tokenized assets moving forward, especially in two key segments. Here's why.
Source
Originally published at www.fool.com.