Solana RWA Boom & Strive $SATS IPO Upsized
Solana's on-chain RWA market cap grew 6x in a year to $4.3B, and Strive's $SATS IPO was upsized to $700M — signaling continued institutional appetite for crypto-native products.
What we know
An account on X cited Castle Labs data showing Solana RWA market cap surged from $700M to $4.3B in one year, while Ethereum RWA also grew over the same period. Separately, @saylor retweeted news that Strive's Bitcoin-focused $SATS IPO was upsized to $700M notional, priced at $90/share, with details coming on the next another account on X after Tuesday settlement.
Sources
“Strive announces upsized IPO of $SATS to $700M notional, priced at $90 per share”
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