Stellar Overpowers Solana in RWA Rating: A Lead in Real-World Payment Scores
Let's cut the crap and get into the juicy details of Stellar's rise in the Real-World Asset (RWA) tokenization space. In a recent freakin' ranking, XLM bagged the third spot, leaving Solana in the dust.
Stellar climb to top three in RWA blockchain rankings
You guessed it! Stellar made it to the third spot when it comes to interest in RWA, bested only by Ethereum and zkSync Era. Despite a slight 1.45% drop in the last 30 days, Stellar secured its position with a whopping $475.73 million total value.ethereum, zkSync Era were valued at an eye-watering $6.55 billion and $2.23 billion, respectively. Algorand and Aptos took spots four and five with a total value of $402.44 million and $345.85 million, respectively. Skolana slid down to the shameful sixth place, even after a 3.78% increase in value locked.
This development indicates that Stellar is on the rise in the RWA tokenization space, as it has now surpassed Solana. It hints at a growing number of RWA pioneers preferring to use the Stellar network over Solana, reflecting Stellar's competitive edge.
However, Ethereum remains in the driver's seat, probably due to user demand and faith in the network.
Bull market for Stellar
Recently, Stellar experienced a 10% surge in the broader cryptocurrency market as it aims for a golden cross. This pumped up the Stellar ecosystem, which recorded four days of gains in a row.
XLM also ended April on a high note, breaking out in a major way as its key metrics, such as trading volume and price, skyrocketed, building confidence in the market.
XLM moves on-chain
As of now, the XLM price is currently going for $0.2592, a 4.01% loss in the last 24 hours. But don't worry! Stellar enthusiasts are still active, as the asset has seen a 12.99% jump in trading volume to $145.82 million within the same time frame.
Stellar might bounce back with the latest development in the RWA space.
In case you needed a reminder, the information in this article is not financial advice. Do your own research and consult with experts before making any investment decisions. And keep in mind that the rankings and data used in this article were accurate at the time of writing but may have changed since then.
Sources:1. CoinMarketCap2. Stellar Development Foundation3. CRYPTOBLOCKCHAIN4. The Block5. Cointelegraph
- The recent surge in Stellar's RWA tokenization space rankings has positioned it as a top competitor, just behind Ethereum and zkSync Era.
- Stellar's success has seen it surpass Solana, suggesting a growing preference for the Stellar network among RWA pioneers.
- In the broader cryptocurrency market, Stellar has experienced a 10% surge, indicating a bullish market for the asset.
- Despite a minor 4.01% loss in the last 24 hours, Stellar's trading volume has increased significantly, offering potential for recovery.
