XRP
Stellar Surpasses XRP Ledger in Total Tokenized Assets Amid Valuation Disparity
Stellar now leads public blockchains with $3.5 billion in tokenized real-world assets, even as its market capitalization remains far below that of the XRP Ledger.
Stellar has become the largest host of tokenized real-world assets among public blockchains, recording $3.5 billion in total value. This total places Stellar ahead of Solana at $3 billion, the XRP Ledger at $2.5 billion, and Avalanche at $1.7 billion.
The majority of Stellar's tokenized volume stems from a Franklin Templeton money market fund and tokenized United States Treasuries, supported by Circle's USDC and EURC stablecoins for settlement. The XRP Ledger continues to lead the tokenized commodities segment with $2.2 billion, compared to Ethereum's $1.6 billion.
Despite holding higher aggregate tokenized asset balances, Stellar's native token held a market capitalization of $6.85 billion at $0.20 on October 11, 2026. By comparison, XRP was valued at $1.39 with an $88 billion market cap, representing a valuation nearly 13 times larger. The report notes that hosted asset values do not directly translate into network revenue or demand for underlying native tokens.
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