RWA Weekly — May 18, 2026 | TL;DR
• On-chain RWAs (Distributed Asset Value): $33.71B, $1.53B ( 4.75% WoW) — sixth consecutive week of growth, accelerating from $29.21B
• Holders: 792,193 wallets, 15,818 ( 2.04% WoW) — holder base expanding alongside value
• Networks: 35 active, flat WoW
• Network mix: Ethereum $30.35B (22.97M holders); Solana $16.00B (11.89M holders); Arbitrum $14.98B (10.14M holders); BNB Chain $13.29B (66.08M holders); Avalanche C-Chain $9.30B (3.14M holders)
• Commodities: $10.23B total value ($7.11B distributed $3.12B represented), transfer volume $11.05B ( 1.28%), active addresses 30,185 (−3.74%), holders 223.11K — value 31.00% WoW with declining activity
• Real estate: ~$448.52M total value ($162.94M distributed $285.58M represented), 14.34K holders (−0.92%), 981 monthly active addresses ( 6.40%), 78 assets, 11 countries — total value almost flat, but active engagement up while holder count contracts
• Represented Asset Value: $339.78B, −$30.57B (−8.25% WoW) — sharp off-chain pullback against on-chain growth
• Stablecoins: $306.34B ( 0.94% WoW) and 253.69M holders ( 0.72% WoW) — settlement base continues steady expansion
RWAs posted a sixth straight week of growth and crossed $33.7B — but the composition is unusual. Ethereum was the only top-five chain to gain value ( $1.57B, 5.45%), while Solana, Arbitrum, BNB Chain and Avalanche all declined by 5–13%. This is a consolidation signal, not a broad-based rally. Average position size varies sharply across chains: BNB ~$201 per holder (broadest retail base), Ethereum ~$1,321, Avalanche ~$2,959 (most institutional). Commodities surged 31% in value with transfer volume up only 1.28% — large value moves without commensurate activity, worth watching. Moody's assigned its top rating to Fidelity and BlackRock tokenized money market funds, and South Korea's FSC greenlit multi-property real estate STO plans — institutional infrastructure is maturing.
Full breakdown:
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