Stellar (XLM), the payments-focused blockchain launched in 2014 by Ripple co-founder Jed McCaleb, is emerging as a leading network for tokenized real-world assets (RWAs), according to data shared by wallet platform Scopuly. The network now hosts $3.06 billion in tokenized real-world assets across 70 products, placing Stellar second only to Ethereum in this category — a ranking that reflects broader institutional momentum behind blockchain-based asset tokenization, a market that traditional finance players including BlackRock and Franklin Templeton have increasingly targeted.

The figures arrive as stablecoin activity on the network continues to expand alongside growing institutional interest in payment infrastructure.

Tokenized Asset and Stablecoin Growth

Scopuly's data shows that tokenized real-world assets on Stellar grew by 5.88% over the past month, positioning the network favorably among blockchains competing for institutional tokenization business. The competitive field includes Ethereum, Polygon, and Solana, each vying for a share of a market that analysts project could reach trillions of dollars as more financial instruments move on-chain.

Stablecoin supply on Stellar rose 38.3% during the same period, reflecting increased issuance activity from stablecoin providers building on the network. Monthly stablecoin transaction volume reached $6.45 billion, Scopuly reported, indicating that the network's payment rails are already processing substantial transaction flow.

Stellar $XLM is quietly becoming one of the biggest RWA blockchains.

Tokenized real-world assets on $XLM have reached $3.06B across 70 products, making Stellar the #2 blockchain for RWAs after Ethereum.

But here's the interesting part:

• RWA assets are growing (+5.88%… pic.twitter.com/0aTWHXpXz3

— Scopuly – Stellar Wallet (@scopuly) August 1, 2026

However, real-world asset transfer volume on Stellar declined to $386 million during the same window. Scopuly noted this drop alongside the broader asset growth trend, observing that assets are accumulating on Stellar faster than they are being actively traded or moved.

Scopuly framed this as an early stage in the network's development cycle. According to the platform, the next phase involves converting held assets into higher transaction activity — a transition that would signal deeper market utilization beyond passive custody.

Institutional infrastructure projects factor into this outlook. Scopuly referenced an upcoming integration with the Depository Trust and Clearing Corporation (DTCC) as a relevant development. The DTCC, which provides clearing and settlement services for the majority of U.S. securities trades, has been exploring blockchain-based settlement through initiatives that could materially expand institutional use of networks like Stellar. Tokenized treasuries and stablecoin issuers continue to select Stellar for settlement infrastructure, supporting the network's positioning within the broader tokenization sector.

Technical Analysis Presents Alternative Long-Term Scenario

Separately, trader CG_trades shared a technical outlook for XLM price movement using Elliott Wave theory. This analysis presents a scenario distinct from the fundamental growth narrative, suggesting XLM may be tracing a macro cycle inverse ABC pattern across multiple years.

Under this reading, wave A completed at the 2017 price peak. The analysis places XLM currently within wave B, forming an ascending triangle pattern that suggests a period of accumulation before further price movement.

so there's a alternative scenario for $XLM according to 𝐞𝐥𝐥𝐢𝐨𝐭𝐭 𝐰𝐚𝐯𝐞 𝐭𝐡𝐞𝐨𝐫𝐲…

here we go…

so #XLM possibly following a 𝐌𝐀𝐂𝐑𝐎 𝐂𝐘𝐂𝐋𝐄 𝐈𝐍𝐕𝐄𝐑𝐒𝐄 𝐀𝐁𝐂 scenario…

where its 𝐀 𝐖𝐀𝐕𝐄 completed with 2017 top with 5 primary waves up,,,,

and… pic.twitter.com/AhCkh3spty

— CHETAN (@CG_trades_) July 31, 2026

CG_trades projects wave E of this pattern could complete near the 2020 trendline, with estimated price levels for this completion sitting between $0.11 and $0.12. Should XLM reverse following completion of wave E, the trader's analysis points to cycle wave C reaching between $8.36 and $32 — a range representing a wide potential outcome under the stated wave count.

CG_trades identified a monthly close below the 2020 trendline as the invalidation level for this scenario.

The fundamental data from Scopuly and the technical outlook from CG_trades represent two distinct analytical frameworks. One centers on network usage metrics tied to real-world assets and stablecoins, while the other relies on historical price pattern recognition across multiple market cycles.

Source: Blockonomi