Stellar’s real-world asset market capitalization reached $3.3 billion, cementing its position as the third-largest blockchain in the RWA space and adding $149.4 million over the past month. The milestone, highlighted by @tokenterminal, arrives as the total onchain RWA market has expanded to $46.2 billion. Stellar’s largest tokenized assets include eurSAFO at $1.1 billion, USDY at $535 million, TPT30 at $500 million, BENJI at $444 million, and EUTBL at $405 million, reflecting growing institutional and investor interest in blockchain-based real-world assets.
Separate data from Wu Blockchain and Castle Labs showed that onchain RWA perpetual trading volume reached $123 billion in August, extending a four-month streak above $90 billion. July set a record at $147 billion, and RWA perpetuals briefly represented about 20% of total onchain perpetual volume, though the share generally ranged between 12% and 13%. Open interest currently sits near $4.9 billion, with TradeXYZ and Variational controlling nearly 90% of reported positions.
The expansion has been rapid: monthly RWA perpetual volume grew from roughly $0.8 billion in October 2025 to more than $120 billion within ten months. September remains incomplete with about $24 billion recorded month-to-date. The combination of rising tokenized asset value and sustained derivatives activity suggests the RWA sector is becoming a more established segment of crypto market structure.
