According to foreign media, after the removal of the stable currency, the monetized real-world asset market has expanded over the past three years to approximately $44.6 billion, an increase of 18.1 times. The rise in institutional demand for chain-based revenue-type products is considered to be the main driving force behind this round of expansion, as well as the re-entry of Link, XLM and ONDO, which are closely linked to the track.
United States debt and revenue products dominate
In terms of structure, the monetization of United States Treasury bonds is the largest of the current RWA market, with a size of approximately $15.1 billion. This was followed by a proactive revenue strategy of approximately $8.9 billion in size and a private equity credit fund of about $6.4 billion in size. According to the article, this round of growth is not just a public-chain competition, but a reflection of the accelerating movement of traditional financial assets into the chain.
In the bottom-up network, the Ether Mill remains the dominant settlement layer, accounting for about one third of the monetized asset market. Stellar and Avalanche are becoming important channels for the distribution of institutional funds. The article mentions that Ondo Finance is responsible for introducing income-type assets such as United States debt into the chain, Chainlink provides intermediates such as prophecies, CCIP and reserve certificates, and Stellar takes over some financial product distribution and settlement.
The three tokens correspond to different parts.
According to the article, the LINK, XLM and ONDO are receiving attention not just because of price fluctuations, but because they correspond to different infrastructure components in the RWA ecology. LINK data access and cross-chain communication, XLM associated asset distribution and settlement network, and ONDO directly linked to the distribution of proceeds-type assets in the chain.
However, the article also notes that the expansion of the RWA market does not mean that the relevant currency prices go up at the same time. The entry of institutional funds into the market for monetized assets is reflected, first and foremost, in the increase in the size of the product, distribution channels and chain of settlement activities, and whether they can be further translated into a continuous demand for tokens, depending on the actual use of the agreement and the ability of the market to contract.
Price performance is still subject to market validation
At the price level, the article stated that in August, after a rebound from the critical support area, LINK was approaching the 200-week average of the weekly index, approximately US$ 13.83. If this position is reached, the market ' s expectations for medium-term rehabilitation may increase; if it is not broken, prices may still return to lower support areas.
XLM, the forward upward trend line, rebounded and tested the 200-day index average in August, but has not been effectively breached. According to the article, if followed up, US$ 0.30 and US$ 0.50 would become important observation posts. The morphology of ONDO is relatively more fragile, and the weekly line support that has been maintained since February 2025 is considered critical and, if not, adjustments may be further deepened.