$XRP rival Stellar (XLM) has continued to thrive across both the crypto and the real-world asset ecosystem, hitting new milestones as adoption continues to grow.
According to recent data shared by the RWA Foundation earlier today, Stellar has surpassed $3 billion in on-chain real-world assets (RWAs) as its utility continues to expand.
Stellar hits new milestone
With Stellar crossing $3 billion in its on-chain RWAs, the network has reached a new milestone as institutional adoption of tokenized assets continues to surge on the blockchain.
The source further confirmed that the $3 billion milestone includes both the distributed and represented value, signaling a rapid surge in the amount of real-world financial assets being tokenized on the Stellar blockchain.
Similar to the $XRP network, Stellar has continued to focus on supporting seamless payments, asset issuance, and tokenization, making it a preferred hub for financial institutions seeking to bring traditional assets on-chain.
Stellar flips Ethereum and Solana
In addition to the $3 billion milestone, Stellar has also emerged as the largest network for tokenized active investment strategies by distributed value.
More recent data showed that Stellar accounts for $620 million in distributed active strategies, a value that is far ahead of competing blockchain networks like Ethereum.
Next to Stellar, Ethereum ranked second with $342.9 million in total value distributed, followed by Mantle at $113 million, and Avalanche at $108.6 million.
The list continues as Polygon ranks fifth at $82.3 million, Arbitrum at $70.8 million, Monad at $61.3 million, Base at $40.4 million, Plume Network at $36.9 million, and Solana at $26.7 million.