RWA on-chain, measured: price, depth, NAV and yield.

What is measured, and what is not

• Every cell is read from a public chain or a keyless public quote API against a public reference: a Uniswap v4 pool state, a Jupiter quote, a mint's supply, an issuer's oracle or Chainlink feed, a vault share price. No figure comes from an issuer's dashboard; the yield bench's reference APY is a dated 30-day mean from a public feed, quoted as the promise being tested.
• No declared-value ranking lives here. The supply column is the on-chain supply of each Solana mint, valued at the price the market pays; the funds with no market are counted at their designed unit value (BUIDL) or in units (USTB), and shown as what they are: value that cannot be sold on an open pool.
• Transfer-restricted funds (BUIDL, USTB, OUSG on the NAV side) cannot be market-tested; the pages say so rather than invent a price.
• Cohorts are what the harnesses can read honestly: six Robinhood Chain stocks with active pools, the twelve xStocks with a Jupiter route, two USDY venues, four yield funds, sixteen Solana mints. Growing them is a matter of sources, not of opinion.

Frequently asked

How is this different from an RWA dashboard like RWA.xyz?

Those dashboards rank issuers by the value they declare, and they are the right place for market size. This page reads what the tokens do on a public chain without asking the issuer: whether a tokenized stock trades at the real market price, what $100,000 of it sells for, whether a tokenized treasury trades at its NAV, whether a yield token accrues the yield a dated 30-day reference says, and how much of the declared supply has no open market. Every number is produced by an open harness, timestamped, and exposed as JSON.

How much of Solana's tokenized RWA value can actually be sold?

Of the $1.86B of supply the rwa-solana-depth bench values on Solana (as of 2026-09-23 23:58 UTC), $336.5M belongs to assets whose $100,000 sale costs 25 bps or less on Jupiter, USDY being the cheapest at ~0 bps. $987.7M sits in funds with no route at all (BUIDL): transfer-restricted funds that never trade on an open pool and can only be redeemed through the issuer.

Which tokenized stock tracks the real market most closely?

NVDA on Robinhood Chain (14.8 bps median deviation from Nasdaq in regular hours) and QQQx among xStocks on Solana (1.11 bps), as of 2026-09-23 23:58 UTC. Both benches read the on-chain price every minute against the same reference feed: the Uniswap v4 pool spot on Robinhood Chain, the Jupiter executable price on Solana.

What happens to tokenized stocks over the weekend?

They drift. With Nasdaq closed for about 65 hours nobody has a reference to arbitrage against, so pool prices wander; last weekend PLTR moved least from Friday's close (112 bps of maximum deviation) and AMD most (314 bps). The order changes from one weekend to the next.

Does USDY trade at its NAV?

Not exactly: the closest venue, Jupiter route (Solana), sits 39.0 bps from the redemption price Ondo publishes on-chain (24h median of the absolute basis). A persistent discount is the price of exiting now rather than redeeming through the issuer.

Which tokenized treasury pays what its reference yield says?

USDY tracked its reference APY most tightly over the last 30 days, 2.00 bps off. The bench compares the yield each token accrued on-chain (NAV growth between two daily prints from the issuer's oracle or Chainlink feed, or the ERC-4626 share price, compounded over the real span) with a reference APY read by hand and dated: the 30-day mean on the DefiLlama yields feed for every token.

Can I cite these numbers?

Yes. Every figure is reproducible from public sources, released under CC BY 4.0, and each bench exposes /api/stat/<slug> with the same values and timestamp. This page also answers Accept: text/markdown.