{"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":3.63276,"leader":{"name":"USDY","slug":"usdy","value":3.63276},"leaders":[{"name":"USDY","slug":"usdy","value":3.63276}],"rankings":[{"name":"USDY","slug":"usdy","value":3.63276,"unit":"bp","ms":{"p50":3.63276,"p90":3.63283,"p99":3.63285,"mean":3.63275},"successRate":100,"sampleSize":2880},{"name":"NVDAx","slug":"nvda","value":31.7078,"unit":"bp","ms":{"p50":31.7078,"p90":36.1063,"p99":66.122,"mean":33.0109},"successRate":99.3056,"sampleSize":2860},{"name":"SPYx","slug":"spy","value":45.3791,"unit":"bp","ms":{"p50":45.3791,"p90":50.4103,"p99":52.3733,"mean":43.9199},"successRate":100,"sampleSize":2880},{"name":"QQQx","slug":"qqq","value":94.0277,"unit":"bp","ms":{"p50":94.0277,"p90":100.18,"p99":103.375,"mean":94.0074},"successRate":100,"sampleSize":2880},{"name":"TSLAx","slug":"tsla","value":105.444,"unit":"bp","ms":{"p50":105.444,"p90":111.758,"p99":124.344,"mean":106.228},"successRate":100,"sampleSize":2880},{"name":"GOOGLx","slug":"googl","value":106.815,"unit":"bp","ms":{"p50":106.815,"p90":118.236,"p99":126.216,"mean":106.421},"successRate":100,"sampleSize":2880},{"name":"MSFTx","slug":"msft","value":155.666,"unit":"bp","ms":{"p50":155.666,"p90":161.848,"p99":164.489,"mean":155.963},"successRate":100,"sampleSize":2880},{"name":"AAPLx","slug":"aapl","value":162.94,"unit":"bp","ms":{"p50":162.94,"p90":172.558,"p99":178.296,"mean":161.824},"successRate":100,"sampleSize":2880},{"name":"METAx","slug":"meta","value":175.082,"unit":"bp","ms":{"p50":175.082,"p90":191.186,"p99":197.567,"mean":176.443},"successRate":100,"sampleSize":2880},{"name":"AMZNx","slug":"amzn","value":275.383,"unit":"bp","ms":{"p50":275.383,"p90":281.191,"p99":286.19,"mean":273.537},"successRate":100,"sampleSize":2880},{"name":"PAXG","slug":"paxg","value":572.252,"unit":"bp","ms":{"p50":572.252,"p90":1567.71,"p99":8657.85,"mean":1208.59},"successRate":90.2083,"sampleSize":2598},{"name":"COINx","slug":"coin","value":5053.05,"unit":"bp","ms":{"p50":5053.05,"p90":5526.37,"p99":6819.4,"mean":3684.16},"successRate":100,"sampleSize":2880},{"name":"PLTRx","slug":"pltr","value":5970.01,"unit":"bp","ms":{"p50":5970.01,"p90":6045.72,"p99":6054.52,"mean":5990.43},"successRate":100,"sampleSize":2880}],"sparkline":[3.63243,3.63243,3.63187,3.63276,3.6328,3.63279,3.6328,3.63277,3.63276,3.63278,3.63274,3.63283,3.63283,3.63283,3.63283,3.63276,3.63276,3.63276,3.63276,3.63279,3.63282,3.63284,3.63284,3.63284,3.63284,3.63166,3.63283,3.63282,3.63285,3.63276,3.63277,3.63285,3.63276,3.63276,3.63275,3.63275,3.63271,3.6327,3.6327,3.6327,3.6327,3.6327,3.6327,3.6327,3.63273,3.63273,3.63273,3.63273,3.63273,3.63273,3.6328,3.63274,3.63274,3.63274,3.63274,3.63274,3.63274,3.63274,3.63276,3.63276,3.63276,3.63282,3.63282,3.63282,3.63274,3.63282,3.63276,3.63276,3.63276,3.63276,3.63276,3.63272,3.63279],"sampleSize":37138,"asOf":"2026-11-08T06:37:06.000Z","freshness":{"asOf":"2026-11-08T06:37:06.000Z","ageHours":0.1,"stale":false},"measured":13,"ranked":13,"headline":"USDY posts the lowest cost of a $100k sale at 3.63 bps (p50, 24h) across 13 ranked tokenized assets.","quote":"USDY posts the lowest cost of a $100k sale at 3.63 bps (p50, 24h) across 13 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 2026-11-08. 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 2026-11-08}\n}","apa":"OpenChainBench. (2026). Tokenized RWA on Solana, what a $100k sale actually costs. Retrieved November 8, 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  - 2026-11-08\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"}