Tokenized RWA Value Hits $3.54 Billion on Stellar, Fourth of 39 Networks

$3.54 Billion Across 39 Networks

The Stellar network carried $3.54 billion of tokenized real-world assets as of October 12, ranking fourth among 39 networks measured by distributed asset value. The aggregation updates daily, and the October 12 print is the latest reading available. Ethereum led the field at $16.98 billion, followed by BNB Chain at $5.84 billion and Solana at $4.39 billion. Avalanche held fifth place at $1.75 billion on the same basis, while the XRP Ledger sat tenth at $496.45 million. Real-world assets in this setting are blockchain tokens representing rights to financial instruments such as government bonds and funds, a category distinct from wrapped assets moved through a bridge protocol. The dataset behind these rankings tracks two separate measures, and the distinction decides who ranks where. Distributed asset value, the basis of the table above, counts only assets distributed on the network. Displayed asset value additionally captures assets issued on the network but represented or held elsewhere. Read on the combined measure, Avalanche's $11.4 billion of displayed value lifts its total to $13.15 billion, several times Stellar's figure, even though its distributed value trails Stellar's. The underlying data comes from RWA.xyz's network-by-network aggregation, which draws on issuer disclosures rather than a blockchain oracle feed, so figures can be revised. That split is why any claim that Stellar (XLM) has overtaken Solana does not survive the distributed basis, where Solana sits roughly $850 million ahead. The two measures are published side by side, which is how one network can rank higher on one table and lower on the other. COINOTAG has tracked the network's momentum in this segment before, including its lead in daily RWA tokenization inflows. Stellar's fourth place is accurate for distributed value as of October 12; on the combined reading, the ordering of the leading networks looks materially different.

Thirty-day movement shows Stellar growing more slowly than two of the networks ranked near it. The network's distributed RWA value rose 0.49% over the past 30 days. Solana's equivalent measure fell 4.9% in the same window, while the XRP Ledger's climbed 9.8%. Holder counts add a third angle: the aggregation lists 23,358 holders for Stellar's tokenized assets, a figure that moves with issuance and redemption rather than with market sentiment. The Stellar (XLM) Development Foundation has published its own sizing of the same segment. It reported Stellar's tokenized RWA at $4 billion as of September 1, a reading that differs from the October 12 aggregation in both base date and methodology, so the two numbers should not be read as a decline to $3.54 billion. The foundation also pointed to Franklin Templeton's BENJI fund, sized at $605 million on Stellar as of October 6. Divergence between activity measures is not unique to Stellar. The XRP Ledger's 30-day RWA transfer volume had fallen 96.88% even as its holder base expanded 23.90%, a split between movement and ownership that value totals alone do not capture. Transfer volume and holder counts are activity measures, closer in kind to dapp usage than to asset-value tables. Asset value and holder numbers vary with each network's asset composition and with the aggregation method behind them. A single total, whether distributed or displayed, says little on its own about how actively a network's tokenized assets trade on any crypto exchange, and it is not a substitute for volume or flow data. The network's decentralized finance footprint sits on yet another axis: COINOTAG has logged a record TVL of $273 million for activity on Stellar (XLM). For market context, COINOTAG's live monitoring shows the XLM spot price down 3.4% over the past 24 hours; our XLM technical analysis tracks where that leaves current levels.

Ranking Shifts With the Metric

Read as a set, the numbers describe a network with a stable top-four position on one defined measure and slow monthly growth behind it. The load-bearing record here is the RWA.xyz aggregation itself: it is what fixes the October 12 level, the 39-network field and the split between distributed and displayed value, and any ranking quoted without one of those two labels risks comparing unlike figures. Stellar's 0.49% 30-day change against the XRP Ledger's 9.8% is the more informative gap for the weeks ahead. The baseline for the next reading is $3.54 billion on distributed value as of October 12; an update on the combined measure would start a new series rather than extend this one.