Copper Is Sneaking Into Crypto: Solana RWAs Spark a New Tokenization Frenzy

Tokenized Copper Quietly Gains Traction as Solana-Based RWAs Enter the Spotlight

Copper-linked real-world assets remain small in absolute terms, but recent data from blockchain markets suggest a shift that is beginning to draw attention. On the Solana network, Remora Markets’ tokenized copper product, Copper rMetal (CPERr), reached an all-time high valuation of nearly $619,433 in late January, coinciding with a sharp increase in trading activity.

While the figures remain modest compared with more established crypto sectors, the move represents one of the clearest signals yet that tokenized copper is emerging from obscurity. For years, metals-based tokenization has largely revolved around gold and silver. Copper, despite its central role in the global economy, has remained mostly absent from on-chain markets. That may now be changing.

Tokenization Re-Emerges as a Core Crypto Theme

Tokenization has returned to prominence as one of crypto’s most persistent long-term narratives. After several cycles of hype and retrenchment, the sector is once again gaining momentum, with many analysts expecting real-world asset tokenization to accelerate through 2026 and beyond.

Until recently, metals-related tokenization activity was overwhelmingly concentrated in tokenized gold and tokenized silver. These assets benefited from deep liquidity, strong brand recognition, and a long history as stores of value. Their on-chain counterparts offered investors a familiar entry point into blockchain-based commodities.

Copper, by contrast, remained largely overlooked. Awareness was limited, capital allocation was thin, and market infrastructure was underdeveloped. That imbalance is now beginning to narrow as platforms mature and traders grow more comfortable exploring less conventional assets.

Industry observers note that the gap between traditional commodity markets and their on-chain representations is shrinking. Improved transparency, clearer pricing mechanisms, and more robust trading tools appear to be encouraging experimentation beyond precious metals.

Remora Markets Offers a Case Study in Early Adoption

Much of the recent momentum can be traced to Remora Markets, a Solana-based platform specializing in tokenized stocks and metals. Since its launch, Remora Markets has positioned itself as a bridge between traditional financial instruments and decentralized trading environments.

According to data cited by the platform, Remora Markets’ cumulative revenue has surpassed $110 million, growing from seven-figure to eight-figure levels as demand for tokenized Nasdaq-listed equities and metals increased. While these figures have yet to be independently verified, they reflect a broader trend of rising engagement within the platform.

On-chain analytics provide additional insight. Dune dashboards tracking Remora activity show that both spot and perpetual trading volumes have become more consistent over time. On January 28, combined trading volume surged to approximately $8.5 million, supported by more than 13,300 trades and over 1,000 active traders.

The distribution of activity suggests that growth is not driven solely by a small number of large wallets. Instead, participation appears to be widening, a key indicator of organic adoption in early-stage markets.

Copper Joins Gold and Silver on the Growth Curve

Despite this progress, metals tokenization on Remora Markets still exhibits a clear hierarchy. Tokenized gold and silver products remain the platform’s dominant assets by both total value and number of holders.

Copper, however, has begun to close the gap. CPERr has climbed into third place among Remora’s metals offerings, overtaking several other products that continue to grow at a slower pace. Data from the final week of January shows a sharp increase in the total value of Remora’s copper token, pushing it to new highs even as overall figures remained relatively small.

Market analysts interpret this pattern as early positioning rather than mature demand. Still, the directional shift is notable, particularly given copper’s near absence from tokenized markets in previous cycles.

Broader Signals From ETF-Style Tokenization

Remora Markets is not the only platform hinting at growing interest in tokenized copper exposure. Similar signals are emerging from other segments of the crypto ecosystem, including ETF-style tokenization products.

Ondo Finance’s tokenized Global X Copper Miners ETF, COPXON, reached a market capitalization of roughly $3 million within its first week of trading. While niche by traditional standards, the speed of adoption suggests that crypto-native investors are willing to experiment with copper-related instruments when packaged in familiar financial formats.

Compared with tokenized gold and silver, copper remains underrepresented across platforms. Liquidity depth is limited, and hedging tools are still in early development. These constraints continue to temper participation, but they have not prevented incremental growth.

Industrial Demand Strengthens the Narrative

Copper’s relevance extends well beyond financial speculation. It is a critical input across a wide range of industries, including electrification, artificial intelligence infrastructure, power grid expansion, electric vehicles, renewable energy systems, and defense technologies.

Long-term supply constraints add another layer of complexity. Mining investment has lagged demand growth in recent years, and several projections point to structural shortages emerging over the next decade. These dynamics have kept copper firmly in focus within traditional commodity markets.

In this context, tokenized copper demand reflects more than short-term trading interest. It represents an attempt to translate real-world scarcity narratives into on-chain accessibility. Blockchain infrastructure, particularly on high-throughput networks like Solana, is increasingly capable of supporting such experimentation.

The Role of Solana in RWA Expansion

Solana’s growing role in real-world asset tokenization has not gone unnoticed. Its low transaction costs and high throughput make it an attractive environment for platforms seeking to tokenize traditionally illiquid or operationally complex assets.

Remora Markets’ activity illustrates how these technical advantages can translate into practical use cases. Faster settlement times and transparent on-chain data allow traders to interact with tokenized commodities in ways that mirror, and in some cases improve upon, traditional market structures.

As more platforms deploy on Solana, competition is expected to intensify, potentially accelerating innovation across the RWA sector.

Speculation Builds Around STEP Token Upside

The rise of Remora Markets has also drawn attention to the STEP token, issued by Step Finance, Remora’s parent company.

Unlike many tokenization platforms, Remora Markets does not operate its own native token. Instead, the team has confirmed that all platform revenue will be used to buy back STEP tokens, directly linking Remora’s performance to STEP’s token economics.

This structure has fueled speculation among traders. Technical analysts point to STEP/USD trading within a critical demand zone, accompanied by a falling wedge pattern often associated with bullish breakouts. Indicators such as the Moving Average Convergence Divergence (MACD), Awesome Oscillator (AO), and Relative Strength Index (RSI) are cited as supporting a positive near-term outlook.

Some market participants have floated the possibility of an 800% rally toward the $0.20 level if a breakout materializes. While such projections remain highly speculative, they underscore the growing interest surrounding ecosystems tied to real-world asset tokenization.

Balancing Optimism With Market Reality

Despite the enthusiasm, analysts caution against extrapolating early momentum too far. Tokenized copper remains a niche segment, and its long-term viability will depend on sustained liquidity, regulatory clarity, and integration with traditional commodity markets.

Gold and silver provide a useful comparison. Their tokenized counterparts benefited from decades of established demand and well-understood pricing mechanisms. Copper lacks that same historical footing in investment portfolios, particularly among retail participants.

Still, the recent data suggests that curiosity is rising. As market infrastructure improves and awareness grows, copper may gradually earn a place alongside more established tokenized commodities.

A Quiet Signal in a Noisy Market

In a crypto market often dominated by hype cycles and rapid narrative shifts, the rise of tokenized copper stands out for its relative subtlety. There are no explosive valuations or viral trends, only a steady accumulation of activity across multiple platforms.

For proponents of real-world asset tokenization, that may be precisely the point. Sustainable adoption, they argue, begins with small experiments that test market structure before scaling.

Whether copper ultimately becomes a major on-chain commodity remains uncertain. But its recent performance suggests that traders are beginning to look beyond familiar assets, exploring how blockchain technology can reshape access to the materials that underpin the modern economy.

hokanews.com – Not Just Crypto News. It’s Crypto Culture.

Writer @Erlin
Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.
 
 Check out other news and articles on Google News

Disclaimer:

The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.
hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.