BounceBit Joins Solana’s Flourishing RWA Scene

BounceBit, a Centralized-Enabled DeFi (CeDeFi) protocol boasting $300M in TVL, has announced its expansion to Solana, deploying a host of market-neutral yield strategies on the industry’s most performant Layer-1.

The announcement comes as institutional interest in Solana reaches a fever pitch, driven by the network’s thriving RWA and tokenization sector.

BounceBit to Deploy RWA Yield Strategies on Solana

On April 9, BounceBit expanded its extensive suite to Solana, bringing institutional-grade market-neutral strategies like funding rate arbitrage and basis trading to the network. 

At launch, BounceBit will offer yield-generating strategies based on $SOL, $USDC, and $USDT deposits, with future RWA integrations expected to support yield-bearing stablecoins like Ondo Finance’s $USDY.

BounceBit CEO and Founder Jack Lu asserts that Solana’s high-throughput, low-cost network is perfectly equipped to execute the protocol’s market-neutral yield strategies. 

While legacy Layer-1s, like Ethereum, often suffer from high gas fees that can render certain yield-generating techniques unprofitable, Solana provides a low-latency onchain environment that is optimized for sophisticated financial strategies.

"Solana's performance metrics make it ideal for CeDeFi applications. With our integration, users can access institutional-grade market-neutral strategies with transaction finality measured in milliseconds and costs that maintain strategy profitability. This builds upon our January USDC expansion and complements Solana's growing institutional presence." - Jack Lu, Founder and CEO of BounceBit.

Upcoming network improvements will catapult Solana’s performance and scalability to new heights. With Jump Crypto’s Firedancer validator slated to push Solana’s throughput past 1M TPS (transactions per second), Solana is primed to maintain its position as crypto’s most performant blockchain.

Institutional Interest in Solana at All-Time Highs

With applications for Solana ETFs expected to be approved before the end of the year and the network’s onchain RWA scene onboarding tokenized funds from TradFi giants, institutions are showing unprecedented interest in Solana.

"We're witnessing a convergence of institutional finance and high-performance blockchain infrastructure on Solana. The $1.3 billion Apollo Diversified Credit Fund tokenization by Securitize and Wormhole demonstrates growing institutional confidence in the network. Our CeDeFi integration provides a complementary layer to these developments, bringing sophisticated market-neutral strategies to both retail and institutional users." - Jack Lu, Founder and CEO of BounceBit

In January 2025, Securitize partnered with Wormhole, a Solana-native cross-chain protocol, to tokenize Apollo’s $1.3B $ACRED fund to Solana and several alternative chains. This landmark deployment was swiftly followed by the launch of Franklin Templeton’s $FOBXX fund on the network.

Remora Markets, an emerging RWA protocol, is expected to develop Solana’s RWA even further, bringing tokenized stocks like TSLA and NVDA onchain and unlocking a trillion-dollar market within Solana DeFi.

“Solana's developer-friendly tools and focus on user experience align perfectly with our mission to make institutional strategies accessible to everyone. As the network's RWA ecosystem expands and ETF prospects materialize following dropped SEC lawsuits, we anticipate growing demand for sophisticated market-neutral strategies that perform in any market conditions." - Jack Lu, Founder and CEO of BounceBit

Amidst a rapidly changing regulatory landscape, Lu argues that Solana sits at the crossroads of institutional finance and a scalable onchain economy. Buoyed by renewed confidence in the network’s future, Solana is rapidly establishing itself as a cornerstone of DeFi. Solana has dominated DeFi trading so far in 2025, witnessing over $430B in onchain trading volume to lead all chains.

Disclaimer: Remora Markets and SolanaFloor are owned and operated by Step Finance

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