Stellar Soars to New Institutional Adoption Heights
Stellar has achieved its strongest quarter of institutional adoption to date, according to Blockworks. Tokenized Receivables (RWAs) on the network doubled to $3 billion, while payment volume rose by 68.8% to $16.43 billion. DTCC selected Stellar for tokenized securities trials.
The network is evolving beyond payments, with Soroban smart contracts generating 94.4% of network fees and 82.4% of onchain trading volume. However, this growth does not directly translate into value accrual for XLM, as fees remain minimal and are neither burned nor distributed.
Circulating supply increased by 2.8% during the quarter, while growth remains concentrated among a few issuers. Four companies hold 92.5% of tokenized assets, making issuer diversification and DTCC's implementation key milestones to watch.