Real World Asset (RWA) Tokenization Space has documented significant developments, and Stellar (XLM) is now in the spotlight. In a recent ranking discovered by U.Today, XLM has created the top five blockchains with the greatest interest in RWA.
Stellar ranks third in the RWA blockchain rankings
According to the value-locked rankings of RWA.xyz, Stellar came in third, surpassing the era of Ethereum and Zksync only. Despite a 1.45% drop in 30 days, Stellar secured a total spot of $47,573 million.
The Ethereum and Zksync eras were valued at $6.55 billion and $2.23 billion, respectively. Algorand and Aptos have completed the top five spots. The duo totaled $404.44 million and $345.85 million, respectively.
This development puts Solana Edge in the top 5-6th place. Despite a 3.78% increase in locked value, the Solana Ecosystem registered for a total of $314.4 million.
The rankings suggest that Stellar is gaining traction in the RWA tokenization space as he overtook Solana. This shows an increase in the use of RWA pioneers in star networks via Solana, reflecting the competitiveness of blockchain.
However, Ethereum remains dominant due to user demand and trust in the network.
Stellar is seeing a surge in trading despite daily dips
Stellar recently turned his eyes to Golden Cross and registered a 10% jump in the wider cryptocurrency market. The development sparked positive emotions in the stellar ecosystem, which recorded four consecutive days of profits.
XLM also ended its final week of April in breakout mode as key metrics such as trading volume and prices increased market confidence.
At the time of reporting, the XLM had changed hands at $0.2592. This has been a 4.01% decrease over the past 24 hours. However, investors are active as assets grew 12.99% to $14582 million within the same time frame.
Stellar could potentially rebound to the latest developments in the RWA space.
