Table of Contents
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.
