Nov 15, 2025

Story Highlights Chainlink leads all RWA projects as developer activity surges despite broader crypto market weakness. Several rising networks like Stellar, VeChain, and Injective show growing commitment to RWA innovation. While the crypto market has been crashing for weeks and most coins are still drowning in red, one sector is quietly breaking the trend, Real-World Assets (RWAs). Now, new data from on-chain analytics firm Santiment reveals that Chainlink, Hedera, Avalanche, and other RWA coins are not just surviving the downturn, they’re building faster than ever. 1 in developer activity, reflecting its role as the go-to oracle network for real-world asset data. Its Cross-Chain Interoperability Protocol (CCIP) has facilitated approximately $19 billion in cross-chain RWA transfers. Santiment’s data shows a significantly higher number of GitHub commits for LINK than for any other RWA project. This makes sense as Chainlink’s technology is essential for bridging off-chain financial assets with smart contracts, providing the infrastructure needed for accurate, real-time pricing. Hedera and Avalanche Step Up Right behind Chainlink, Hedera (HBAR) ranks second in RWA developer activity. That’s notable because Hedera has been pushing enterprise adoption and tokenization use cases in finance and supply chain. Avalanche (AVAX) is also near the top. It’s gaining traction thanks to its high-throughput smart contract capabilities, making it a favorite for building tokenized financial instruments like real estate or credit products. Other Projects Making Waves Beyond the top three, several other networks are seeing meaningful development: Stellar (XLM) ranks high, thanks to its lightweight design and appeal for tokenizing payments or simpler real-world asset classes. IOTA, Axelar, Chia (XCH), Injective (INJ), VeChain (VET), and Centrifuge (CFG) all show up on Santiment’s list, highlighting a diverse group of protocols pushing forward into real-world asset tokenization. Why This Matters for the Future This rise in development isn’t just about writing code, it shows a real change in how blockchains are being used. As traditional finance looks for safer and easier ways to use tokenized real-world assets, these projects could become the foundation. Santiment’s data also hints that top developers are now focusing heavily on RWA, which means big institutions may start paying attention soon. Trust with CoinPedia: CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors. Investment Disclaimer: All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices. Sponsored and Advertisements: Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.