Parcl Cracks $100M in Daily Trading Volume as Solana RWA Heats Up

Solana’s RWA scene is capturing attention and emerging as a sector to watch in 2025.

Published: Dec 27, 2024 at 13:51
Edited: Dec 27, 2024 at 16:16

Parcl, a real estate index trading platform, has recorded a new all-time high in 24-hour trading volume. After witnessing relatively low activity since its TGE (Token Generation Event), the platform’s resurgence suggests growing interest in Solana’s RWA market in 2025.

Capitalizing on its growing momentum, Parcl announced a generous trading competition. Throughout January, Parcl has promised to distribute up to 675,000 $PRCL tokens to platform users, currently valued at over $258,000.

Is Parcl’s historic week a flash in the pan, or the beginning of a flourishing RWA meta on Solana?

Parcl Records $4B in Total Trading Volume

On December 26, Parcl recorded a new all-time high in daily trading volume, witnessing over $100M across all markets. Parcl’s Miami Beach real estate index dominated market share, attracting over $47M in volume over 24 hours.

Parcl’s new daily record capped off an explosive week for the protocol, which had already notched its biggest week ever in terms of rolling 7-day trading volume. Parcl’s exploding volume also helped the platform achieve another critical milestone, reaching $4B in cumulative trading volume since launch.

After suffering from decreasing activity and user retention in the wake of its initial token airdrop in April 2024, Parcl is witnessing a resurgence of adoption. After routinely handling around 3,000 transactions per day throughout Q3, recent activity suggests traders are eager to return to the RWA marketplace.

parcl transactions

Based on Flipside data collected over the last week, Parcl’s average daily transaction count has risen to 16,111 representing a five-fold increase over typical Q3 activity. This growth indicates renewed interest in RWA solutions, a sector Solana co-founder Raj Gokal expects will shine in 2025.

675,000 $PRCL Up for Grabs in January

Seeking to reward its influx of new users, Parcl’s January trading competition has raised the stakes. Parcl has promised to kick off 2025 with a bang, boosting trading competition rewards by 10x throughout January.

Parcl has allocated 675,000 $PRCL tokens to its January trading competition, rewarding up to 800 traders across its Real Estate and Crypto markets. Traders must have over $1,000 in cumulative volume throughout the month to be eligible for rewards.

The protocol has also teased upcoming prediction markets, giving Parcl users another way to speculate on worldwide Real Estate markets.

Solana RWA Primed for Growth in 2025

Despite struggling to attract adoption and attention throughout 2024, all eyes are turning to Solana’s emerging RWA Sector. Speaking at MultiCoin Summit earlier this month, Solana co-founder Raj Gokal has tipped the RWA industry as an area to watch in 2025, envisioning tokenized equities and traditional financial assets.

Aligning with this thesis, Step Finance, one of Solana’s oldest DeFi applications, has made bold steps into the RWA sector. Earlier this month, Step Finance acquired Remora Markets, an RWA marketplace enabling users to trade and hold assets like Tesla and Nvidia stock directly onchain, streamlining the gap between TradFi and DeFi markets.

RWA protocols will likely be some of the biggest benefactors of Solana’s continued adoption. Platforms like Remora Markets provide an attractive middle ground, both for traditional investors looking for tangible, revenue-driven onchain businesses and crypto natives wanting to expand their portfolios into TradFi assets.

Disclaimer: SolanaFloor is owned and operated by Step Finance