Hedera, Chainlink, and Avalanche Lead RWA Development Rankings

Analytics firm Santiment has released its latest rankings of crypto projects focused on Real World Assets (RWAs), highlighting a sector that continues to attract institutional and developer interest. The data tracks development activity across protocols building tokenized finance, payments, and infrastructure, with directional indicators showing how each project’s position has shifted since last month.

Top Performers

Hedera (HBAR) retained the top spot, reflecting its continued push into enterprise adoption and tokenization frameworks. Chainlink (LINK) followed in second place, underscoring its role as the leading oracle provider for connecting blockchains with off‑chain data. Avalanche (AVAX) ranked third, buoyed by recent integrations with banks and asset managers deploying tokenized funds and stablecoins.

Stellar (XLM) secured fourth place, while IOTA (IOTA) climbed to fifth, signaling renewed momentum in machine‑to‑machine payments and IoT‑driven finance.

Movers and Decliners

Several projects saw notable shifts. Chia (XCH) slipped to sixth, while VeChain (VET) rose to seventh, reflecting increased activity in supply chain tokenization. Lumerin (LMN) and Creditcoin (CTC) also advanced, landing in eighth and ninth positions. Injective (INJ) fell to tenth, despite its strong presence in decentralized derivatives.

Market Context

The rankings highlight how RWAs are becoming a focal point for blockchain development. From tokenized treasuries to state‑issued stablecoins, projects are racing to build infrastructure that bridges traditional finance with decentralized systems. Santiment’s data suggests that while price action across crypto remains volatile, developer activity in RWA protocols is accelerating, positioning them as key players in the next wave of adoption.