Stellar's real-world asset market cap has surpassed $3 billion, according to RWA tracking data, positioning the network among the largest platforms for tokenized assets. Year-to-date, active market value exposed to user and protocol risk on the Stellar chain has grown 300 percent.
Spiko Finance accounts for a significant portion of Stellar's RWA ecosystem, though estimates of its exact share vary across data sources, ranging from 5 to 33 percent depending on the measurement period and methodology applied. Other major contributors include FTDA and Ondo Finance, which together make up much of the remainder of activity on the network.
Stellar has positioned itself as infrastructure for tokenized assets and stablecoin settlement. The network's RWA growth coincides with broader institutional interest in on-chain representations of bonds, commodities, and other traditional financial instruments. Rival blockchain networks, including Ethereum and Polygon, have also seen significant RWA inflows during the same period.
Different trackers weigh factors like daily trading volume, locked value, and user count differently, producing divergent snapshots of the same ecosystem. This variation in Spiko Finance's reported percentage across sources stems from how each provider defines and measures active market exposure.
Stellar's developer documentation and public meetings have emphasized RWA integrations as a strategic focus, with announcements around partnerships and protocol upgrades designed to support regulated tokenization. The network's growth in this category remains fluid, with data providers continuing to refine their methodologies as the market matures.
