RWA Weekly May 4 2026: RWAs $30.96B, holders 741K, +2.8%

RWAs posted another solid week above $30B. Holders and platforms continued to grow, while stablecoin value dipped slightly but user growth stayed positive. Real estate saw a notable shift in the distributed/represented split.

TL;DR

Distributed Asset Value: $30.96B, +$0.85B (+2.82%) WoW — solid growth above $30B.
Total Asset Holders: 740,857, +6,075 (+0.83%) WoW — participation continues to rise.
Platforms: 173 total (156 Distributed / 19 Represented), +2 (+1.17%) WoW — platform list keeps expanding.
Stablecoins: $299.40B (−0.68% WoW) and 246.83M holders (+0.13% WoW) — value down a bit, users still up.

Market snapshot (as of May 4, 2026)

Metric	Value	7-day change (vs Apr 27)
Distributed Asset Value	$30.96B	+$0.85B (+2.82%)
Total Asset Holders	740,857	+6,075 (+0.83%)
Platforms (All)	173	+2 (+1.17%)
Platforms (Distributed)	156	+1 (+0.65%)
Platforms (Represented)	19	+1 (+5.56%)
Stablecoin Value	$299.40B	−$2.04B (−0.68%)
Stablecoin Holders	246.83M	+0.32M (+0.13%)

RWAs grew faster than stablecoin value this week. Stablecoin value softened, but stablecoin users still increased — the settlement base is still expanding.

Chain dynamics

Ethereum is still #1 by value, BNB Chain stays #2, and Solana remains #1 by holders. This week, Ethereum value was slightly lower, while BNB and Solana added value and holders.

Network	RWA Total Value (Excl. Stablecoins)	RWA Holders	% Distributed
Ethereum	$16,770,873,426	172,630	98.9%
BNB Chain	$3,830,099,642	46,376	100.0%
Solana	$2,554,853,034	198,546	78.8%
Stellar	$2,148,564,045	11,566	74.7%
Liquid Network	$1,479,384,615	58	100.0%

Two simple notes:

Solana has more holders than Ethereum (199K vs 173K), but Ethereum still has much more value.
Stellar's % distributed is lower than Ethereum/BNB, so represented assets matter more there.

Commodities (tokenized gold, etc.)

Total commodities value is $8.00B ($5.06B distributed + $2.94B represented), down from $8.16B last week. Distributed value fell again, while represented value kept climbing. Transfer volume jumped from $6.16B to $9.70B, but monthly active addresses stayed near the same level.

Commodity metric	Value (May 4)	7-day change (vs Apr 27)
Distributed Value	$5.06B	−$0.21B (−3.99%)
Represented Value	$2.94B	+$0.05B (+1.73%)
Total Value (Distributed + Represented)	$8.00B	−$0.16B (−1.96%)
Monthly Transfer Volume	$9.70B	+$3.54B (+57.47%)
Monthly Active Addresses	30,639	+395 (+1.31%)
Holders	219.30K	+1.40K (+0.64%)

Top commodity managers by total value: Tether (~$2.7B), Paxos (~$2.4B), Justoken (~$1.7B).

What stands out: total value dipped slightly, but transfer volume surged — nearly doubling WoW. More tokens are moving, even as market cap slipped. Holders and active addresses stayed stable.

Real Estate (tokenized real estate)

Tokenized real estate shows a different mix this week: distributed value dropped significantly, represented value nearly doubled, and the holder base is larger.

Real estate metric	Value (May 4)	7-day change (vs Apr 27)
Distributed Value	$165.51M	−$131.34M (−44.24%)
Represented Value	$282.69M	+$135.19M (+91.65%)
Total Value (Distributed + Represented)	$448.20M	+$3.85M (+0.87%)
Holders	14.43K	+0.95K (+7.05%)
Monthly Active Addresses	933	+87 (+10.28%)
Assets	78	+3 (+4.00%)
Countries	11	0 (0.00%)

Simple read: total value is almost flat WoW, but the split shifted strongly toward represented value. Holders jumped 7%, the biggest weekly gain in recent weeks. Three new assets were added.

What to watch next

Can RWAs keep growing if stablecoin value stays soft? This week RWAs rose while stablecoin value fell slightly.
Solana holders vs Ethereum value: Solana keeps leading on wallets, but the value gap is still large.
Real estate mix: watch if the represented-heavy split continues next week, or if it normalizes.

Bottom line

On May 4, 2026, RWAs posted another positive week: distributed value +2.82% WoW and holders +0.83% WoW, with two more platforms listed. Stablecoin value dipped, but stablecoin holders still rose, so the settlement base remains strong. Ethereum stays #1 by value, BNB is #2, and Solana continues to lead by holders.