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Chainlink and Hedera led a “top RWA projects by social activity” ranking circulated over the past 24 hours, according to a post reproduced by BlockchainReporter citing “Phoenix data.” The article said Chainlink ranked first and Hedera second, framing the result as an aggregation of social engagement across metrics such as likes, comments, retweets and upvotes.
The same ranking list—showing tickers $LINK and $HBAR at the top, followed by $AVAX, $ICP, $VET, $QNT, $EL, $ONDO, $DUSK and $INJ—also appeared as a Phoenix Group post on Binance Square. BlockchainReporter attributed additional figures to the referenced report (including counts of “active posts” and “total interactions” for Chainlink), but the underlying dataset and methodology were not made available in the materials cited by the outlet.
The item concerns market visibility rather than an operational change in tokenization infrastructure: it does not describe any tokenized real estate issuance, regulatory action, pilot, licensing decision, or platform launch. The two leading networks referenced are commonly associated with onchain infrastructure—Chainlink Labs is the entity behind the Chainlink project per its legal materials, while Hedera is published by Hedera Hashgraph, LLC per Hedera’s site.
In background, Phoenix Group has previously published similar “top RWA projects by social activity” rankings, including instances described as produced in collaboration with LunarCrush, indicating this is part of an established content format rather than a one-off market event. As presented, the Feb. 11 ranking functions as a comparative snapshot of social engagement around projects categorized under “RWA,” without disclosing the precise sources, platform coverage, or weighting used to calculate the standings.
For issuers, investors, tokenization platforms and regulators, the immediate effect is limited to an information signal about where online attention is concentrated; no change in eligibility, licensing, custody, settlement, or investor access is reported. The practical takeaway is that any use of the ranking in due diligence would require independent verification of the “Phoenix data” methodology and underlying metrics beyond the ticker list reposted on Binance Square.
