DefiLlama data shows Stellar’s real-world asset market has moved ahead of Solana’s $1.84 billion, while Ethereum remains the largest network for tokenized assets at more than $14.7 billion.
Stellar’s real-world asset, or RWA (tokenized traditional assets), market cap has risen above Solana’s, reaching more than $2.36 billion versus Solana’s $1.84 billion. Ethereum still leads the sector by a wide margin with over $14.7 billion, based on data cited from DefiLlama. The ranking shift highlights how competition among blockchains is extending beyond trading activity into tokenized asset issuance, an area watched as institutions and crypto firms push to bring bonds, funds and other off-chain assets onto public networks.