XLM Funding Flips Negative as Stellar’s Tokenized RWA Book Clears $3B

Stellar’s tokenized real-world-asset footprint has cleared $3 billion on-chain for the first time, per data compiled by the RWA Foundation, while XLM spot price is moving in the opposite direction. The token traded at $0.1937 on the daily chart, down 3.20%, with a separate intraday read putting the decline at 3.27% to $0.1925 — a divergence that puts a record adoption metric against a clearly bearish tape.

Perp positioning skews short despite the on-chain print

24-hour volume sat at $125.9 million, with price ranging between $0.1920 and $0.2040 — a $0.0120 spread, or 6.25%. Funding printed at -0.0045%, meaning shorts are currently paying longs in perpetual markets, a signal that positioning has not caught up with the RWA headline.

RSI(14) reads 48.7, a neutral reading that doesn’t confirm oversold conditions despite the drawdown. The pivot point is calculated at $0.1957. Immediate support sits at $0.1929 and $0.1825, with a deeper floor at $0.1688 if the current range breaks. Resistance is layered at $0.2001, $0.2102 and $0.2189, with the $0.2001 level scoring 88 in the support/resistance engine — the strongest overhead level in the current structure. The broader trend flag remains upward despite the daily red candle.

Active-strategy tokenization: Stellar nearly doubles Ethereum

The $3 billion figure blends distributed and represented asset value across Stellar. Within that, a narrower and more telling metric — tokenized active investment strategies, i.e. managed positions, funds and packaged yield instruments settled on-chain, distinct from static tokenized deposits — shows Stellar as the single largest network by distributed value at $620 million.

Ethereum ranks second at $342.9 million, roughly half Stellar’s total. Mantle follows at $113 million, Avalanche at $108.6 million, Polygon at $82.3 million, Arbitrum at $70.8 million, Monad at $61.3 million, Base at $40.4 million and Plume Network at $36.9 million. Solana, despite leading on raw throughput, sits near the bottom of this specific comparison at $26.7 million.

What the ranking implies for issuer behavior

Stellar’s lead in this category runs against the usual assumption that smart-contract chains with deeper liquidity and larger developer bases — Ethereum chief among them — would dominate tokenized-strategy issuance. Neither Ethereum’s programmability nor Solana’s speed has converted into leadership on this metric, which points to issuers weighting settlement cost and compliance tooling over computational flexibility when choosing deployment venues.

Architecturally, Stellar functions closer to XRP Ledger than to general-purpose smart-contract networks — built around payments, native asset issuance and tokenization rather than arbitrary computation. The Stellar Development Foundation has steered protocol development toward that compliance-first design, which lowers the cost of issuing and transferring tokenized fiat, bond and fund representations. That design choice is the likely structural driver behind the RWA total outpacing chains where activity skews more speculative — even as the underlying token trades with negative funding and sits below its recent resistance cluster.

Sources

• coinotag.com