Stellar Network Sees $3 Billion RWA Surge Amid DeFi TVL Lag
The Stellar network has seen a significant surge in its on-chain reality-world assets (RWA), reaching over $3 billion in July, according to a report by RedStone. This is a remarkable increase from previous months, with the total value locked (TVL) in DeFi applications standing at just $213 million, highlighting a notable gap between the two metrics.
The report attributes this growth primarily to four products: Amundi and Spiko's overnight fund ($713 million), Spiko's government bond fund ($536 million), Ondo's USDY ($1.14 billion), and VuMe's 2030 bond ($500 million).
DeFiLlama data further supports these findings, with the Stellar network TVL standing at $2.3272 billion, of which Blend accounts for $1.5 billion in locked funds.
The report also notes that the lack of compatibility between traditional assets and on-chain lending requirements remains a significant obstacle to widespread adoption. However, with 55 integrated SEP-40 price sources covering government bonds, corporate loans, tokenized gold, and money market funds, Stellar is better positioned to become a viable platform for RWA.
Furthermore, the report highlights that the US Depository Trust & Clearing Corporation (DTCC) plans to introduce custodied assets into the Stellar network by 2027, with a staggering $11.4 trillion in managed assets.