[Stellar On-Chain RWA Assets Surpass $3 Billion, Far Exceeding Its DeFi Market Size] According to The Defiant, a report by oracle provider RedStone shows that tokenized RWA (Real-World Assets) on the Stellar blockchain surpassed $3 billion in July, a significant increase from $785 million in January, while the total DeFi TVL (Total Value Locked) stands at only $213 million. The lending protocol Blend holds $127 million, and pools accepting RWA as collateral barely exceed $2 million, indicating that RWA issuance has outpaced on-chain usability. The growth is primarily driven by four products: Amundi and Spiko Overnight Swap Fund ($713 million), Spiko T-Bill Fund ($536 million), Ondo USDY (over $533 million), and VuMe Bond 2030 ($500 million).