The real-world asset (RWA) market is becoming increasingly difficult to ignore. Excluding stablecoins, tokenized real-world assets have grown 18.1 times in three years to $44.6 million, with institutional demand for yield-bearing products driving much of that expansion.
Three tokens closely linked to the RWA infrastructure—$LINK, $XLM and $ONDO—are now approaching technically important price levels that could shape their next major moves.
RWA Market Growth Is Driving New Demand
Tokenized U.S. Treasury bills lead the market at $15.1 billion, followed by active yield strategies at $8.9 billion and private credit funds at $6.4 billion. However, the growth of tokenized assets is not simply a competition between blockchains offering the same function.
Ethereum remains the dominant Layer 1 settlement network, accounting for roughly one-third of the tokenized asset market. Stellar and Avalanche have also become important issuance rails for institutional funds.
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The specialized protocols supporting this market are particularly important. Ondo Finance focuses on issuing and distributing yield-bearing traditional assets, including U.S. Treasuries, on-chain. Chainlink provides middleware through its oracle infrastructure and CCIP, including Proof of Reserves and connections between off-chain financial data and on-chain assets. Stellar offers a fast, cost-effective settlement environment and hosts financial products such as Franklin Templeton’s tokenized money market fund.
$LINK Price Faces a Major Weekly Test
$LINK has already bounced from an important demand area during August and is now approaching the 200-day exponential moving average (200-EMA) on the weekly chart near $13.83. This is the key resistance level bulls must overcome.
A weekly breakout above that resistance could strengthen the case for a longer-term recovery and open the way toward higher price levels. Failure to break through, however, could send $LINK back toward lower support zones. The setup is promising, but the chart still needs confirmation rather than another speculative rally.
$XLM Holds Support but Shows a Warning Signal
$XLM is also showing a constructive setup after rising from a major ascending trendline that has previously triggered significant price moves. The token tested the 200-day EMA in August but has so far been rejected.
If $XLM eventually flips that resistance on the weekly chart, $0.30 and $0.50 will become important levels to monitor. There is also a warning signal: a weekly death cross has formed between the 50-EMA and 200-EMA. If selling returns, a loss of the ascending trendline could expose $XLM to lower support levels.
$ONDO Needs to Hold Its Long-Term Trend
$ONDO may have the most fragile technical setup of the three tokens. Since early February, its weekly chart has maintained an ascending trendline following a major H2 2025 crash.
That trendline is now critical. A breakdown could deepen the correction and potentially create a continuation pattern, with new all-time lows forming ahead. Conversely, $ONDO has not reclaimed its weekly 50-EMA since September 2025. If it finally does, $0.60 and $0.85 could become relevant recovery targets.
The RWA market is expanding rapidly, but that growth does not automatically guarantee that token prices will follow. $LINK, $XLM and $ONDO are exposed to an expanding tokenization ecosystem; their charts now need to show that institutional growth can translate into sustained demand.
Source: cryptonews.net
