Stellar (XLM) is once again gaining prominence due to the rising interest from financial institutions and the increase in tokenized asset volumes.
Interest in Stellar
In a new video, crypto expert Nick from NCashOfficial analyzes why XLM may be one of the most underrated tokens. Stellar is championing real-world asset (RWA) tokenization and demonstrates its achievements in attracting major partners.
Current Partnerships and Goals
Stellar is now the second-largest Layer 1 blockchain for tokenized assets, just behind Ethereum. Currently, it hosts around $470 million in tokenized assets. Danielle Dixon from the Stellar Development Foundation stated their goal is to scale this figure to $5 billion by the end of the year.
Transfer and Volume Statistics
In the past three months alone, $22.6 billion worth of RWA volume has transacted on the Stellar network, with over 47 million transactions completed. The RWA market cap on Stellar has jumped to $812 million.
Given the current trends and increasing interest from institutional players, Stellar (XLM) may be poised for significant growth in the future.
