Solana Foundation Chair Lily Liu: Tokenization Enters a "Supercycle," Solana RWA Trading Volume Reaches Hundreds of Billions of Dollars

Odaily Planet Daily News: Lily Liu posted on the X platform, stating that capital, assets, and ownership are migrating toward 24/7 internet infrastructure, forming a long-term "token supercycle." Tokenization is not just about moving assets onto the chain—it also transforms the assets themselves, enabling value to be issued, held, financed, and traded in a market that never closes. She noted that stablecoins have proven capital can flow globally on-chain, financial institutions are pushing assets onto the chain, blockchain infrastructure is beginning to meet the speed and cost demands of real economic activity, and AI economic agents require programmable money. When these factors converge, any form of value with clear ownership could be tokenized, gaining broader access to distribution, financing, and trading channels.

Over the past year, RWA trading volume on Solana has reached hundreds of billions of dollars, covering tokenized U.S. Treasuries, equities, and private credit. During the same period, stablecoin transfer volume exceeded $4.7 trillion. Liu stated that tokenization can also enable more investors to overcome geographic, minimum investment, and accreditation barriers, while allowing held assets to be used as collateral or generate yield. Although the current on-chain market size remains far below traditional markets, the related infrastructure could eventually reach 5.5 billion internet users globally.