Reported total on-chain asset holders of nearly 1 million result in a tokenized RWA market value of over $25 billion, Securitize says.
Santiment, a crypto analytics platform, has identified Hedera (HBAR), Chainlink (LINK), and Avalanche (AVAX) as the top blockchain projects by development activity centered on Real World Assets (RWAs) in early 2026. This ranking is based on regular contributions to GitHub, code commits, and general content participation by the developers. These platforms are taking a leading role in integrating physical assets such as treasuries, bonds, and other traditional finance instruments into blockchain infrastructure.
Hedera remains in first place as it was in the previous month, with a score of 278.17. The network development is still active, especially following the recent institutional alliances. Most recently, Hedera was designated as the official blockchain partner of the McLaren Mastercard Formula 1 Team and the Arrow McLaren IndyCar Team. This partnership highlights the network’s increasing presence in blockchain implementation in enterprises.
Chainlink saw a drop in monthly activity but still ranked second with 215.37 points. However, it remains a vital pillar in the RWA ecosystem, particularly due to its robust oracle infrastructure, which allows users to quickly integrate real-world information into smart contracts. Its new alliance with Turtle will provide another opportunity to make Chainlink useful in capital markets, helping it to become part of decentralized finance and tokenization.
At the same time, Avalanche has also held on to its third position with a score of 135.13. The network is still receiving institutional attention, with Galaxy Digital tokenizing a $75 million collateralized loan obligation (CLO) on its platform, as we reported.
Stellar (XLM) has held steady in fourth place since January, supported by continued work on cross-border payments and compliance-based asset tokenization. The platform recorded a development activity score of 110.9. In fifth place, IOTA (IOTA) scored 79.1 and moved up the ratings this month. It has captured developer interest due to its focus on the Internet of Things (IoT) and the digitization of physical assets.
Chia Network (XCH) fell in the rankings, with a score of 46.73. The platform is known to have a green consensus model and smart contract functionality, but development activity slowed. Conversely, VeChain (VET) moved up with a score of 21.6. VeChain is often utilized in logistics and supply chain management, where physical item tracking on blockchain is essential.
Newer entrants like Lumerin (LMR) and Creditcoin (CTC) recorded modest gains, scoring 10.67 and 10.2, respectively. Lumerin offers decentralized bandwidth and data routing, while Creditcoin provides on-chain credit and lending history. With a score of 8.53, Injective experienced a minor decrease in activity.
As of January 30, the world’s largest tokenization platform, Securitize, confirmed that the total RWA market value exceeded $25 billion. In the last 12 months, the number of RWA holders surged nearly tenfold, approaching the one million mark.
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