For a long time, Ethereum (ETH) has been the default home for tokenized assets. But today, networks like Stellar (XLM), Solana (SOL), Base, Avalanche (AVAX), and Aptos (APT) are starting to flex their muscles.
Here’s what you need to know.
Stellar leads new RWA inflows, Ethereum loses
The race for RWA is no longer evolving solely in favor of Ethereum. The platform still holds the largest base of tokenized assets – at around $14.65 billion – but the trend is now harder to ignore.
Over the past 30 days, Ethereum has lost nearly $1.63 billion in tokenized RWA. During the same period, Stellar added around $810 million, a jump of 63%. Base, Avalanche, and Aptos also saw strong growth, increasing 46%, 45%, and 38%, respectively.
What’s interesting here is that RWA feeds tend to be sticky. Once institutions have built compliance and settlement systems on-chain, they are unlikely to change the way they do things.
Solana RWA Base Exceeds $2.5 Billion in Q1 2026
Solana (SOL) is also a serious part of the RWA conversation, especially after a jump in Q1 2026.
According to Galaxy Research, Solana’s real asset value increased 58% quarter-over-quarter and exceeded $2.5 billion. This is a big step forward from last year, when RWA activity was still weak and mostly concentrated.
Solana’s RWA base includes tokenized funds, public equities, private credit, and other real-world products. RWAs also represent 17% of Solana’s total TVL.
RWA – The Real Deal?
Token prices still get attention, but the big players are planning something different. They choose channels that can support compliance and settlement at scale.
Once it’s set up, it’s not easy to move elsewhere. This is exactly why RWA inflows are important, because they show where long-term activity can take hold on the chain.
Interestingly, AMBCrypto previously reported that tokenized assets increased by 15% in just 30 days! Private credit alone has surpassed $14 billion on-chain, adding to the ongoing on-chain race.
Final summary
- Ethereum still leads the RWA market, but demand is also shifting to other chains.
- Stellar’s 63% jump is proof that the tokenization race is multi-chain.
