Stellar's RWA market value exceeds US$3.1 billion, soaring 300% in 2024

Allium Labs launches Stellar real-time data tracking platform

Allium Labs has released a real-time data tracking platform specifically built for Stellar Lumens (XLM), opening up access to on-chain statistical data to the public. Users can now monitor smart contract activity, transaction fees, and the number of active addresses on the Stellar network.

Real World Assets (RWA) adoption on Stellar reaches new high

A focus of the Allium Labs platform is in-depth analysis of Real World Assets (RWA) on Stellar. Current data shows that the number of RWA holders has exceeded 12,538, and the total market value of tokenized real assets on the network has climbed to US$3.1 billion. This marks a double milestone for Stellar, with its RWA market value increasing by 300% this year.

Spiko, a key player in the ecosystem, leads the custody business with US$1.2 billion in assets under management. This figure includes large holdings of government debt and euro-denominated treasury bills. Spiko's portfolio consists mainly of tokenized short-term European government securities and funds that track short-term euro rates.

American asset management company Franklin Templeton and German company Bitbond Finance GmbH are also actively expanding Stellar's RWA business, and their participation continues to grow. According to reports, the American Securities Depositary and Clearing Corporation (DTCC) has announced plans to integrate part of its $114 trillion traditional securities market into the Stellar network by the first quarter of 2027.

Major entities and assets on Stellar

Spiko, as custodian, manages US$1.2 billion in assets;Franklin Templeton, as asset manager, has growing participation;Bitbond Finance GmbH, as a financial/tokenization company, has also growing participation; and DTCC, as securities infrastructure, is scheduled to be deployed in 2027.

Trading indicators show cautious upward momentum

Institutional interest in Stellar is rising, making some long-term investors look forward to a breakthrough in XLM prices. Such movements are often accompanied by consolidation after falling prices and clear support from high-volume traders, often referred to as "crypto whales." On the 4-hour chart, Stellar prices appear to be strengthening, with the Flow of Funds Indicator (CMF) currently at 0.12.

In contrast, XLM's 1-hour price chart has recently signaled a short-term sell-off, while the daily chart has remained flat, with CMF indicators showing neutral readings of zero. Market analysts attributed the uncertainty to broader geopolitical tensions and a general sideways move in commodities such as natural gas and gold.

Still, Stellar's further growth in the RWA space could set XLM apart from the broader market. The market is generally cautious at the moment, even though Bitcoin (BTC) has rallied above $65,600. In the past two months, BTC has tended to fall back to $60,000 after a brief rebound.

Recent price keys

BTC has a recent peak of US$65,600, with key support of US$60,000;XLM has a recent peak of US$0.19 (resistance level), with key support of US$0.19.

Stellar's role in on-chain finance

The Stellar Network has attracted attention for converting traditional assets such as money market funds and treasury bills into digital tokens that can be traded around the clock. Spiko's $1.2 billion contribution puts the network among the top platforms for tokenization of real assets, especially in the European funds space.

Real-world income products, including European government bond exposure and overnight funds, are now available as digital tokens with low fees and high accessibility. Increased adoption of assets on the chain will drive network activity and demand for XLM. Demand for XLM, as Stellar's native token and main trading bridge, has grown accordingly.

These developments indicate strong fundamentals, but whether XLM can achieve a broader rise will still depend on continued trading volume and overall market support.