RWA Market Growth Sparks Focus on Chainlink, Stellar, and ONDO

The tokenized real-world assets (RWA) market is growing rapidly, expanding 18.1 times in three years to $44.6 million, with institutional demand for yield-bearing products doing much of the heavy lifting.

Ethereum remains the dominant Layer 1 settlement layer, accounting for roughly one-third of the tokenized asset market, while Stellar and Avalanche have emerged as important issuance rails for institutional funds.

Three tokens tied closely to this infrastructure, Chainlink (LINK), Stellar (XLM), and ONDO, are sitting at technically important levels where the next move could matter. LINK has already bounced from an important demand area during August and is now heading toward the 200-EMA on the weekly chart near $13.83.

XLM is showing a constructive setup after rising from a major ascending trendline that has previously triggered important price moves, but there's a catch: a weekly death cross between the 50-EMA and 200-EMA has formed.

ONDO may have the most fragile setup of the three, with its weekly chart maintaining an ascending trendline following a major H2 2025 crash. A breakdown could deepen the correction and potentially lead to a continuation pattern with new all-time lows forming ahead.