RWA Network Dashboard — March 2026
Total Distributed Asset Value: $27.14 billion (+8.48% from 30 days ago) Total Asset Holders: 674,994 (+3.94% from 30 days ago) Total Stablecoin Value: $300.34 billion Total Stablecoin Holders: 237.29 million
Network Distribution
| # | Network | RWA Count | Total Value | 30D Change | Market Share |
|---|---|---|---|---|---|
| 1 | Ethereum | 560 | $15.5B | +5.17% | 56.87% |
| 2 | BNB Chain | 345 | $3.0B | +34.49% | 11.18% |
| 3 | Liquid Network | 6 | $2.0B | +29.01% | 7.29% |
| 4 | Solana | 402 | $1.7B | +1.81% | 6.23% |
| 5 | Stellar | 34 | $1.4B | +12.32% | 5.14% |
| 6 | Arbitrum | 205 | $800.5M | +2.74% | 2.95% |
| 7 | Avalanche | 52 | $591.3M | +1.05% | 2.18% |
| 8 | Polygon | 56 | $445.2M | -7.39% | 1.64% |
| 9 | XRP Ledger | 15 | $404.4M | -16.07% | 1.49% |
| 10 | Plume | 35 | $348.5M | +67.85% | 1.28% |
Asset Class Distribution
| Asset Class | Total Value |
|---|---|
| U.S. Treasury Debt | $11.3B |
| Commodities | $5.7B |
| Asset-Backed Credit | $3.1B |
| Specialty Finance | $2.1B |
| Non-U.S. Government Debt | $1.2B |
Key Observations
- Ethereum maintains majority share (56.87%) but faces competitive pressure from BNB Chain (+34.49%) and Plume (+67.85%). Ethereum’s 5.17% monthly growth, while positive, is slower than four other top-ten networks
- Polygon is the only major network showing a decline (-7.39%), suggesting capital rotation to Arbitrum or other L2 networks. Polygon’s $445.2M in RWA value may continue eroding as Arbitrum ($800.5M) captures institutional preference among Layer 2 options
- Asset-backed credit ($3.1B) is the fastest-growing asset class, driven by Maple Finance’s Syrup vault growth (syrupUSDT at +57.47% monthly)
- Liquid Network’s $2.0B is concentrated in specialty finance products (Blockstream Mining Notes BMN2 at $1.39B, PKH2 at $559.5M), representing a fundamentally different use case from distributed DeFi-accessible RWA
- XRP Ledger’s -16.07% monthly decline is the sharpest among top-ten networks, potentially reflecting institutional uncertainty about Ripple’s product roadmap for tokenized assets
Network Growth Analysis
The network distribution data reveals a multi-chain fragmentation trend that has significant implications for the RWA ecosystem:
Concentration vs fragmentation: Ethereum’s 56.87% market share represents declining dominance from higher levels in 2024-2025. As BNB Chain, Plume, and other networks grow faster, RWA value is fragmenting across more chains, creating both challenges (liquidity fragmentation, cross-chain complexity) and opportunities (multi-chain composability, network specialization).
Layer 1 vs Layer 2 dynamics: Ethereum Layer 2 networks (Arbitrum at $800.5M, Polygon at $445.2M) collectively hold approximately $1.25 billion in RWA value. If counted as part of the Ethereum ecosystem, this increases Ethereum’s effective RWA footprint to approximately $16.75 billion, or 61.7% of total distributed value.
Purpose-built chain thesis: Plume’s 67.85% growth validates the thesis that purpose-built RWA chains can attract meaningful capital, while the limited scale ($348.5M) demonstrates that the thesis remains early-stage. Provenance (hosting Figure’s $15.84B in represented HELOC value) provides additional evidence for purpose-built chain adoption in specific use cases.
Asset Class Trends
The asset class distribution provides insight into institutional demand patterns:
U.S. Treasury debt ($11.3B) remains dominant, driven by institutional demand for risk-free on-chain yield. The category’s composition is analyzed in detail in the Tokenized Treasuries $11B Brief.
Commodities ($5.7B) are primarily gold-backed tokens (XAUT at $2.89B, PAXG at $2.50B). The commodity category demonstrates that tokenization extends beyond financial instruments to physical asset representation.
Asset-backed credit ($3.1B) is the most dynamic category, with Maple dominating through the Syrup vault ecosystem. The credit category is analyzed in the Credit Protocol Comparison and Maple Syrup Growth Brief.
Non-U.S. government debt ($1.2B) is emerging as a meaningful category, led by Spiko’s EUTBL at $939.7M. This category is analyzed in the Spiko EUTBL Brief.
How to Use This Dashboard
This dashboard serves as the primary reference for understanding the distribution of tokenized RWA value across blockchain networks and asset classes. Key use cases include:
- Network selection: Issuers evaluating deployment networks can assess market share, growth trends, and competitive dynamics across chains
- Portfolio construction: Investors can evaluate geographic and asset class diversification across their tokenized RWA holdings
- Market monitoring: Track macro-level trends in RWA value distribution, holder growth, and stablecoin market dynamics
- Competitive intelligence: Protocol teams can benchmark their network positioning against competitors
All data is sourced from RWA.xyz, the leading analytics platform for tokenized real-world assets.
Related: Protocol Metrics Dashboard | Transaction Activity Dashboard | Ethereum vs Solana RWA Comparison | BNB Chain RWA Growth Brief | Plume Network Growth Brief | RWA Market $27B Milestone Brief
Data as of March 18, 2026. Source: RWA.xyz. Contact info@uaetokenizedrwa.com for institutional research.