Solana's Tokenized Commodities Trading Reaches $87 Million Weekly Volume

Tokenized commodities trading on the Solana blockchain has surged to $87 million in weekly volume, with Raydium, the largest decentralized exchange on the network, accounting for 70% of this activity. By late August 2026, the total supply of tokenized commodities on Solana reached approximately $50 million, driven by assets such as Paxos Gold (PAXG) and Dominion Market's tokenized silver, SILV. The SILV token alone generated over $4 million in volume within 24 hours of its launch, representing about 60% of all tokenized commodity trading on Solana at that time.

The growth of tokenized gold on Solana has been particularly notable, with a year-over-year increase of 689% through August 2026. Currently, Solana holds a 0.47% share of the total on-chain gold market, while Ethereum continues to dominate this sector significantly. In early September 2026, trading options for commodities expanded further when GMTrade introduced 24/7 perpetual contracts for gold, silver, and WTI crude oil on the Solana network.

Additionally, the DeFi landscape on Solana is evolving, as the lending protocol Kamino has begun accepting PAXG as collateral, allowing users to borrow against their tokenized gold holdings. Throughout 2026, Solana has also managed to route over 95% of global tokenized equity volume, indicating a robust growth trend in its real-world asset metrics, including increases in both supply and holder counts across various categories.

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Source: KLEA News