According to the latest on-chain development data from Santiment, the Real-World Asset (RWA) narrative continues to dominate the crypto sector, with Chainlink (LINK), Hedera (HBAR), and Avalanche (AVAX) emerging as the top three blockchains driving tokenized asset innovation.
Santiment’s ranking, based on active development activity and network progress, highlights projects that are building real-world applications beyond speculation.
Chainlink maintained its #1 position, fueled by ongoing adoption of its Cross-Chain Interoperability Protocol (CCIP), which has become a cornerstone for tokenized Treasury and RWA projects. Hedera followed closely in second place, backed by its growing list of corporate integrations and enterprise-grade tokenization frameworks. Avalanche secured the third spot, reflecting its steady momentum in institutional DeFi partnerships and onchain financial infrastructure.
🧑💻 Here are crypto's top Real World Assets (RWA's) by development. Directional indicators represent each project's ranking rise or fall since last month:
➡️ 1) @chainlink $LINK 🥇
📈 2) @hedera $HBAR 🥈
➡️ 3) @avax $AVAX 🥉
📉 4) @stellarorg $XLM
📈 5) @iota $IOTA
📈 6)… pic.twitter.com/UpZo5XWKsm— Santiment (@santimentfeed) October 20, 2025
Rounding out the top 10 were Stellar (XLM), IOTA (IOTA), Chia (XCH), Axelar (AXL), Centrifuge (CFG), Injective (INJ), and VeChain (VET), all of which have made visible progress in bridging blockchain with tangible, off-chain assets.
The renewed focus on RWAs reflects a broader market shift toward practical blockchain utility, where tokenized securities, commodities, and real estate are gaining traction as stable, yield-generating alternatives in the post-ETF crypto era. Santiment’s report suggests that while the sector remains in early stages, the projects topping this list are quietly building the foundation for blockchain’s real-world adoption wave.