Table of Contents
TL;DR
- On-chain RWAs (Distributed Asset Value) are $24.83B, up +$0.93B (+3.89%) WoW — a rebound after last week’s pullback.
- Participation kept growing: 849,297 wallets hold RWAs, up +14,609 (+1.75%) WoW.
- Platform surface widened: 146 → 158 platforms listed (+12, +8.22% WoW). (Split: 142 distributed / 16 represented.)
- Chains diverged again: Ethereum added holders but dipped in value; Solana’s value jumped while wallets trimmed; BNB kept onboarding wallets fast.
- Stablecoins stayed the “settlement ocean”: $296.51B (+0.75% WoW) and 235.26M holders (+3.89% WoW). Stablecoin holders are now ~277× the RWA holder base; by value, stablecoins are ~11.9× larger than distributed RWAs.
Market snapshot (as of 16 Feb 2026)
| Metric | Value | 7-day Δ (vs Feb 9) |
|---|---|---|
| Total on-chain RWAs (Distributed Asset Value) | $24.83B | +$0.93B (+3.89%) |
| Holding addresses (RWA holders) | 849,297 | +14,609 (+1.75%) |
| Platforms (tokenization platforms listed) | 158 | +12 (+8.22%) |
| Stablecoin backdrop (total value) | $296.51B | +$2.20B (+0.75%) |
| Stablecoin holders | 235.26M | +8.80M (+3.89%) |
How to read this: the market’s “cargo” (RWAs) grew faster than the “rails” (stablecoins) this week — the value ratio tightened from ~12.3× to ~11.9× as RWAs bounced.
Sources behind 7-day deltas: the current RWA.xyz snapshot (as of 02/16/2026) vs last week’s Feb 9 weekly snapshot.
Chain dynamics
This week reads like selective risk-on: headline value rose, but the “where” matters — wallet onboarding concentrated on BNB, value momentum leaned toward Solana/Stellar/Liquid, while Ethereum remained dominant but slightly softer on value.
| Network | RWA holders | 7-day Δ holders | RWA total value (excl. stablecoins) | 7-day Δ value |
|---|---|---|---|---|
| Ethereum | 172,881 | +3,548 (+2.10%) | $14.51B | −$0.37B (−2.50%) |
| BNB Chain | 39,246 | +7,882 (+25.13%) | $2.20B | +$0.04B (+1.70%) |
| Liquid Network | 56 | 0 (0.00%) | $1.56B | +$0.14B (+9.51%) |
| Solana | 286,011 | −13,511 (−4.51%) | $1.66B | +$0.39B (+30.20%) |
| Stellar | 4,031 | +216 (+5.66%) | $1.24B | +$0.17B (+15.98%) |
Two notable shifts behind the headline:
- BNB is in “wallet wave” mode: holders surged (+25% WoW) while value only nudged up — classic onboarding / smaller-ticket behavior.
- Solana flipped to “value up, wallets down”: that usually signals concentration (bigger positions) or classification/cleanup effects in the wallet set — worth watching if it repeats next week.
Commodities (tokenized gold, etc.)
Commodities stayed one of the clearest “used on-chain” segments: market cap jumped again, and transfer volume remains extremely high.
| Commodity metric | Value (Feb 16) | 7-day Δ (vs Feb 9) | 30D trend (as reported) |
|---|---|---|---|
| Market cap | $7.06B | +$2.00B (+39.53%) | +30.89% |
| Monthly transfer volume | $18.38B | +$1.24B (+7.23%) | +219.60% |
| Monthly active addresses | 60,312 | +1,246 (+2.11%) | +106.48% |
| Holders | 229.00K | +2.72K (+1.20%) | +22.61% |
Gold still dominates the bucket (by market cap): XAUT ~$2.7B and PAXG ~$2.3B.
What to watch into late February 2026
- Does Solana’s “value > wallets” pattern persist, or was this a one-week compression?
- BNB follow-through: do new wallets convert into meaningful value growth, or does it stay “many wallets, same money”?
- Platform growth quality: total platforms rose to 158, but watch whether distributed platforms (142) also climb — that’s the more “on-chain native issuance” signal.
Bottom line
As of February 16, 2026, RWAs moved back into growth mode: value +3.89% WoW, holders +1.75% WoW, and the listed platform set expanded. The cleanest read is broadening infrastructure with selective concentration: stablecoin participation expanded faster than value, BNB pulled in wallets aggressively, and Solana led value momentum even as its wallet count eased.
