Stellar RWA Assets Surpass $3B, Far Exceeding DeFi

The $3B RWA milestone versus a comparatively small DeFi footprint underscores a deliberate strategic divergence: Stellar is positioning itself as a settlement layer for regulated, institutional-grade assets rather than chasing composable DeFi activity. This imbalance suggests network value is increasingly tied to the health of its issuance partnerships and compliance rails, not on-chain liquidity loops. The open question is whether this RWA concentration can sustain itself without a parallel DeFi ecosystem to provide secondary market depth, and whether other chains with larger DeFi bases will erode Stellar's niche by adding similar tokenization support.