Top 10 RWA Crypto Projects by Development Activity in November 2025: Chainlink Leads the Charge
RWA Development Boom: A Snapshot of Innovation in Tokenization
Real-world assets (RWAs) are heating up, with tokenization bridging TradFi and DeFi. Santiment’s latest data highlights the top 10 RWA projects by 30-day development activity as of November 2025. This metric tracks GitHub commits and updates, signaling momentum amid a $24B on-chain RWA market (up 380% in three years). Directional arrows show ranking shifts from last month. Chainlink dominates, but Hedera and Avalanche follow closely. For beginners, these projects enable tokenized bonds, real estate, and Treasuries – turning illiquid assets into tradable digital shares. As developer activity surges 20% month-over-month, RWAs eye $16T by 2030. Let’s break down the top 10.
1. Chainlink ($LINK) ➡️ 🥇 – The Oracle Kingpin (Score: 366.53)
Chainlink leads with unmatched developer focus, scoring 366.53 on Santiment’s scale. Its oracles feed real-time data to RWAs, powering $10T+ in value. Stable since last month, LINK’s CCIP bridges chains for tokenized assets. Why it matters? Without accurate feeds, RWAs like BENJI funds fail. Developers love it for security. As market pullback hits, Chainlink’s 35% GitHub edge over rivals signals resilience. LINK trades at $14.50, up 2% amid RWA hype.
2. Hedera ($HBAR) ➡️ 🥈 – Enterprise Powerhouse (Score: 271.6)
Hedera holds second, scoring 271.6 for enterprise RWA workflows. Its hashgraph tech suits tokenized bonds and supply chains. Stable ranking, HBAR’s council (Google, IBM) drives adoption. Key win? Hedera’s $1B+ in tokenized carbon credits. Developers praise its 10,000 TPS and low fees. As institutional interest grows, HBAR eyes $0.12, up 5% weekly.
3. Avalanche ($AVAX) ➡️ 🥉 – Scalable Tokenization Hub (Score: 136.67)
Avalanche secures third at 136.67, excelling in fast RWA issuance. Subnets enable custom chains for assets like real estate. Stable spot, AVAX’s $682M RWA TVL (up 41.9% QoQ) leads DeFi integration. Ondo’s USDY thrives here. Developers flock for 65,000 TPS. AVAX at $28, up 3% on RWA news.
4. Stellar ($XLM) ➡️ – Payments Pioneer (Score: 112.37)
Stellar ranks fourth at 112.37, focusing on compliant RWAs. Its $639M TVL (94.8% in Treasuries) powers tokenized funds like BENJI ($849M). Stable ranking, XLM’s 5-second settlements suit remittances ($831B market). Developers build on Soroban for MiCA-compliant euro assets. XLM at $0.34, up 6% amid $3B RWA target.
5. IOTA ($IOTA) 📈 – IoT and Automation Leader (Score: 96.67)
IOTA climbs to fifth at 96.67, up from last month. Its feeless tangle enables IoT RWAs like automated supply chains. Key? Tokenized machine-to-machine payments. Developers integrate for sustainable assets. IOTA at $0.18, surging 8% on RWA gains.
6. Axelar ($AXL) 📈 – Interop Bridge Builder (Score: 78.43)
Axelar rises to sixth at 78.43, bridging chains for RWAs. GMP enables tokenized asset flows across 50+ networks. Up from last month, AXL powers cross-chain DeFi. Developers use it for compliant swaps. AXL at $0.85, up 4%.
7. Chia ($XCH) 📈 – Sustainable Finance Star (Score: 55.3)
Chia jumps to seventh at 55.3, emphasizing green RWAs. Its proof-of-space consensus suits carbon credits. Rising rank, XCH tokenizes eco-assets. Developers build for ESG funds. XCH at $28, up 7%.
8. VeChain ($VET) 📉 – Supply Chain Sentinel (Score: 52.27)
VeChain slips to eighth at 52.27, down slightly. VET tracks RWAs like luxury goods and logistics. Dual-token model (VET/VTHO) powers IoT. Developers integrate for traceability. VET at $0.028, flat.
9. Injective ($INJ) 📈 – DeFi RWA Trading Hub (Score: 45.93)
Injective climbs to ninth at 45.93, up from last month. Its DEX enables on-chain RWA markets. Developers love Cosmos SDK for custom assets. INJ at $22, up 5%.
10. Centrifuge ($CFG) 📈 – Collateralized Lending Leader (Score: 17.03)
Centrifuge rounds out tenth at 17.03, rising. CFG tokenizes invoices for DeFi lending. Developers build for private credit RWAs. CFG at $0.45, up 3%.
Why This Matters: RWA Development Signals the Future
In short, these rankings show RWA momentum. Developer activity up 20% month-over-month. Chainlink’s oracle dominance leads. But risers like IOTA and Axelar highlight interop’s rise. For investors, it’s a buy signal: RWAs could hit $16T by 2030. Platforms like Lumexo trade these tokens with low fees. As Q4 2025 unfolds, watch volumes soar. Blockchain isn’t speculation. It’s tokenization.
Sources
- BlockchainReporter: ChainLink, Hedera, And Avalanche Lead RWA Development
- BitcoinEthereumNews: Chainlink Leads RWA Developer Activity
- CoinOtag: Chainlink Dominates RWA Developer Activity
- CryptoPotato: 10 Best RWA Crypto Projects in 2025
- BitcoinEthereumNews: ChainLink, Hedera, and Avalanche Lead RWA Development