{"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":-0.0000913129,"leader":{"name":"USDY","slug":"usdy","value":-0.0000913129},"leaders":[{"name":"USDY","slug":"usdy","value":-0.0000913129}],"rankings":[{"name":"USDY","slug":"usdy","ms":{"p50":-0.0000913129,"p90":-0.0000913129,"p99":-0.0000913129,"mean":-0.0000913129},"successRate":87.1387,"sampleSize":603},{"name":"SPYx","slug":"spy","ms":{"p50":8.99864,"p90":11.0532,"p99":11.5126,"mean":8.58123},"successRate":94.2901,"sampleSize":611},{"name":"PAXG","slug":"paxg","ms":{"p50":16.7222,"p90":19.314,"p99":169.273,"mean":25.1577},"successRate":99.4161,"sampleSize":681},{"name":"NVDAx","slug":"nvda","ms":{"p50":17.8957,"p90":28.3693,"p99":35.7636,"mean":19.0921},"successRate":99.4092,"sampleSize":673},{"name":"QQQx","slug":"qqq","ms":{"p50":24.906,"p90":28.9018,"p99":31.4635,"mean":24.5588},"successRate":98.1366,"sampleSize":632},{"name":"TSLAx","slug":"tsla","ms":{"p50":40.6552,"p90":56.5754,"p99":85.5574,"mean":41.8715},"successRate":99.1189,"sampleSize":675},{"name":"MSFTx","slug":"msft","ms":{"p50":44.8809,"p90":53.0781,"p99":54.5984,"mean":44.2546},"successRate":99.2526,"sampleSize":664},{"name":"AAPLx","slug":"aapl","ms":{"p50":97.7761,"p90":113.991,"p99":114.519,"mean":101.856},"successRate":99.2571,"sampleSize":668},{"name":"GOOGLx","slug":"googl","ms":{"p50":115.357,"p90":120.992,"p99":129.401,"mean":108.143},"successRate":99.2436,"sampleSize":656},{"name":"HOODx","slug":"hood","ms":{"p50":115.528,"p90":133.684,"p99":139.494,"mean":111.383},"successRate":99.2331,"sampleSize":647},{"name":"COINx","slug":"coin","ms":{"p50":119.308,"p90":133.671,"p99":143.722,"mean":118.06},"successRate":97.8125,"sampleSize":626},{"name":"METAx","slug":"meta","ms":{"p50":135.843,"p90":202.919,"p99":293.164,"mean":135.343},"successRate":99.2401,"sampleSize":653},{"name":"AMZNx","slug":"amzn","ms":{"p50":241.557,"p90":246.028,"p99":273.02,"mean":227.408},"successRate":99.2481,"sampleSize":660},{"name":"PLTRx","slug":"pltr","ms":{"p50":549.083,"p90":571.016,"p99":576.619,"mean":520.279},"successRate":97.79870000000001,"sampleSize":622}],"sparkline":[-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129,-0.0000913129],"sampleSize":9071,"asOf":"2026-09-24T01:35:46.015Z","freshness":{"asOf":"2026-09-24T01:35:46.015Z","ageHours":0.1,"stale":false},"measured":14,"ranked":14,"headline":"USDY posts the lowest cost of a $100k sale at ~0 bps (p50, 24h) across 14 ranked tokenized assets.","quote":"USDY posts the lowest cost of a $100k sale at ~0 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 2026-09-24. 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 2026-09-24}\n}","apa":"OpenChainBench. (2026). Tokenized RWA on Solana, what a $100k sale actually costs. Retrieved September 24, 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  - 2026-09-24\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"}