{"slug":"rwa-solana-depth","title":"Tokenized RWA on Solana, what a $100k sale actually costs","subtitle":"Cost of selling $100,000 of each tokenized real-world asset on Solana through Jupiter, relative to a $100 sale of the same asset on the same tick, measured every ten minutes; the on-chain supply of each asset is read from its mint, including the funds that have no open market.","category":"RWA","metric":"Cost of a $100k sale","unit":"bp","status":"live","higherIsBetter":false,"filters":null,"value":3.63625,"leader":{"name":"USDY","slug":"usdy","value":3.63625},"leaders":[{"name":"USDY","slug":"usdy","value":3.63625}],"rankings":[{"name":"USDY","slug":"usdy","ms":{"p50":3.63625,"p90":3.63631,"p99":3.63632,"mean":3.63587},"successRate":84.1667,"sampleSize":2424},{"name":"SPYx","slug":"spy","ms":{"p50":10.741,"p90":13.9885,"p99":15.8006,"mean":11.1433},"successRate":99.3056,"sampleSize":2860},{"name":"NVDAx","slug":"nvda","ms":{"p50":13.1433,"p90":15.5319,"p99":60.8753,"mean":13.6196},"successRate":97.9167,"sampleSize":2820},{"name":"PAXG","slug":"paxg","ms":{"p50":17.1393,"p90":19.6935,"p99":155.324,"mean":25.0236},"successRate":100,"sampleSize":2880},{"name":"TSLAx","slug":"tsla","ms":{"p50":20.5805,"p90":26.465,"p99":86.2595,"mean":22.7745},"successRate":97.1528,"sampleSize":2798},{"name":"QQQx","slug":"qqq","ms":{"p50":40.0864,"p90":45.2925,"p99":98.507,"mean":42.0644},"successRate":98.6111,"sampleSize":2840},{"name":"GOOGLx","slug":"googl","ms":{"p50":82.855,"p90":92.2101,"p99":102.321,"mean":79.452},"successRate":100,"sampleSize":2880},{"name":"METAx","slug":"meta","ms":{"p50":100.141,"p90":115.541,"p99":124.156,"mean":99.2439},"successRate":100,"sampleSize":2880},{"name":"MSFTx","slug":"msft","ms":{"p50":104.877,"p90":116.713,"p99":143.504,"mean":105.98},"successRate":100,"sampleSize":2880},{"name":"AAPLx","slug":"aapl","ms":{"p50":132.09,"p90":164.687,"p99":178.292,"mean":124.874},"successRate":100,"sampleSize":2880},{"name":"HOODx","slug":"hood","ms":{"p50":161.068,"p90":184.347,"p99":195.068,"mean":152.42},"successRate":100,"sampleSize":2880},{"name":"COINx","slug":"coin","ms":{"p50":170.847,"p90":196.231,"p99":207.813,"mean":165.629},"successRate":100,"sampleSize":2880},{"name":"AMZNx","slug":"amzn","ms":{"p50":207.287,"p90":225.634,"p99":239.652,"mean":206.921},"successRate":100,"sampleSize":2880},{"name":"PLTRx","slug":"pltr","ms":{"p50":578.549,"p90":837.551,"p99":907.984,"mean":650.019},"successRate":100,"sampleSize":2880}],"sparkline":[3.63624,3.63624,3.63628,3.63628,3.63632,3.6363,3.63623,3.63623,3.63623,3.63623,3.63623,3.63632,3.63626,3.63632,3.63632,3.63632,3.63628,3.63624,3.6363,3.63627,3.63628,3.63626,3.63629,3.63629,3.63629,3.63622,3.63622,3.63622,3.63622,3.63631,3.63622,3.63622,3.63622,3.63622,3.63622,3.63622,3.63623,3.63625,3.63625,3.63622,3.63622,3.63631,3.63623,3.63631,3.63626,3.63629,3.63629,3.63628,3.63631,3.6363,3.6363,3.63628,3.63624,3.63628,3.63628,3.63627,3.63626,3.63625,3.63627,3.63631,3.63559,3.63634,3.63359,3.6336,3.63359,3.63352,3.63355,3.63355,3.63355,3.63354,3.6336,3.63354,3.63354],"sampleSize":39662,"asOf":"2026-10-06T15:12:44.003Z","freshness":{"asOf":"2026-10-06T15:12:44.003Z","ageHours":0.1,"stale":false},"measured":14,"ranked":14,"headline":"USDY posts the lowest cost of a $100k sale at 3.64 bps (p50, 24h) across 14 ranked tokenized assets.","quote":"USDY posts the lowest cost of a $100k sale at 3.64 bps (p50, 24h) across 14 ranked tokenized assets. Source: OpenChainBench (https://openchainbench.com/benchmarks/rwa-solana-depth).","cite":{"plain":"OpenChainBench. \"Tokenized RWA on Solana, what a $100k sale actually costs\". Retrieved 2026-10-06. https://openchainbench.com/benchmarks/rwa-solana-depth","bibtex":"@misc{ocb_rwa_solana_depth,\n  author = {OpenChainBench},\n  title  = {Tokenized RWA on Solana, what a $100k sale actually costs},\n  year   = {2026},\n  url    = {https://openchainbench.com/benchmarks/rwa-solana-depth},\n  note   = {Retrieved 2026-10-06}\n}","apa":"OpenChainBench. (2026). Tokenized RWA on Solana, what a $100k sale actually costs. Retrieved October 6, 2026, from https://openchainbench.com/benchmarks/rwa-solana-depth","ris":"TY  - GEN\r\nAU  - OpenChainBench\r\nTI  - Tokenized RWA on Solana, what a $100k sale actually costs\r\nPY  - 2026\r\nUR  - https://openchainbench.com/benchmarks/rwa-solana-depth\r\nY2  - 2026-10-06\r\nER  - \r\n"},"pageUrl":"https://openchainbench.com/benchmarks/rwa-solana-depth","ogImage":"https://openchainbench.com/api/og/rwa-solana-depth","source":"https://github.com/ChainBench/OpenChainBench/tree/main/harnesses/rwa-solana-depth","methodology":["Quotes: Jupiter lite-api /swap/v1/quote, token to USDC, slippage 100 bps, one route search per size, 5 seconds apart (the free tier allows 60 requests a minute per address, shared with the sibling harnesses). Four quotes per routed asset per tick: $100 (reference, sized at the previous tick's price), then $1k, $10k and $100k sized at this tick's reference price; the cost is a ratio of two quotes a few seconds apart on the same tick.","Cost = 10000 x (1 - USDC received per raw unit at the size / USDC received per raw unit at $100), in basis points. Positive is a worse price at size, the normal case; a small negative reading happens when a larger sale reaches a better pool split than the $100 quote. Published as rwa_depth_cost_1k_bps, rwa_depth_cost_10k_bps and rwa_depth_cost_100k_bps per asset; a size Jupiter could not route this tick has its gauge deleted, never held.","Headline: 24-hour median of the $100k cost (quantile_over_time 0.5), p90 and p99 of the same series; the $1k and $10k 24-hour medians are panels. Ranked lowest first. rwa_depth_route_ok is 1 on a tick where the $100k sale was priced and 0 otherwise (no route, or a quote that failed); its 24-hour average is the row's success, and the site ranks a row above 50 percent.","On-chain supply: getTokenSupply on the mint every ten minutes through a keyed Solana RPC, published as rwa_onchain_supply_units and, valued at the $100 executable price per raw unit, rwa_onchain_supply_usd. Raw units on both sides, so a Token-2022 scaled-UI mint (seven xStocks) needs no multiplier. BUIDL is valued at its designed $1.00 per unit (dividends are paid in new units); USTB on Solana has no price this page can defend, so only its unit supply is shown.","Cohort: USDY (Ondo), PAXG (Paxos), the 12 xStocks the xstocks-peg bench prices, and two funds with no open market listed unranked: BUIDL (BlackRock, mint GyWgeqpy...w6phr) and USTB (Superstate, the Invesco Short Duration US Government Securities Fund, mint CCz3SGVz...Vcjo2 from Superstate's contract list). OUSG's Solana mint had zero supply on 2026-09-23 and is out. Mints come from the issuers' documentation, not from a token-list search, which returns look-alikes for every fund.","What the cost is and is not: it is the price a seller gets from the open market on Solana today, routes and fees included, at the moment of the tick; it is not a redemption cost through the issuer (USDY, BUIDL and USTB redeem at NAV on the issuer's schedule) and not a statement about the asset's backing. A fund with no route is not broken: it is not sold on an open market by design, which is precisely the fact this page adds to the declared total.","Reproducibility: harness source at github.com/ChainBench/OpenChainBench/tree/main/harnesses/rwa-solana-depth; every quote URL is public and keyless, the supply read needs any Solana RPC that serves getTokenSupply."],"license":"CC-BY-4.0"}