🔍 Top RWA Projects by Developer Activity — Last 30 Days (as of June 2025)

1. Chainlink ($LINK) – Once again takes the lead in RWA innovation, reporting over 530 GitHub events—more than double Avalanche—solidifying its position as the oracle backbone powering tokenized assets .

2. Avalanche ($AVAX) – Holds strong in second place with roughly 291 activity points, leveraging its high-throughput subnet architecture for institutional-grade tokenization .

3. Stellar ($XLM) – Ranks third with approx 241 development points, expanding from cross-border payments into stablecoin and tokenized asset infrastructure .

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⇧ Ranks 4–10 (Still Gaining Traction)

4. IOTA ($IOTA) – Focused on IoT-to-RWA integration, holding steady in fourth place .

5. Injective ($INJ) – A top 5 contender enabling on-chain trading and finance applications .

6. Axelar ($AXL) – Championing cross-chain utility with rising development scores .

7. Chia Network ($XCH) – Cultivating green blockchain support for asset tokenization .

8. Hedera ($HBAR) – Enterprise-grade token frameworks continue to boost its RWA dev activity .

9. VeChain ($VET) – Focused on supply‑chain tokenization, maintains a strong dev pace .

10. Maker ($MKR) – Rounds out the list as a dominant DeFi powerhouse edging into RWA tooling .

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📈 Key Takeaways

Chainlink’s momentum isn’t just chatter—its surge in GitHub activity means it’s fueling actual institutional pilots, such as Hong Kong’s e‑HKD+ CBDC program .

Avalanche’s steady developer output highlights how scalable subnets are drawing in real‑world asset use cases .

Stellar’s journey into tokenization reflects demand for efficient, global payment rails tied to RWAs .

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⚙️ Why This Developer Activity Matters

Raw code contributions (like GitHub events) often signal deeper traction—new tools, protocols, integrations—that follow actual RWA deployments. The current patterns suggest growing institutional and regulatory interest in tokenized assets, not just speculative value.

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🔭 What This Means Going Forward

Watch Chainlink for breakthroughs in oracle solutions or CBDC/stablecoin pipelines.

Track Avalanche as its subnet model invites new RWA platforms.

Monitor Stellar for expanding remittance and stablecoin infrastructure.

Keep an eye on 4–10, where each project sharpens its RWA toolkit—whether via IoT, cross‑chain bridges, or enterprise-grade contracts.

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📰 Quick Facts Recap

Chainlink = #1 in RWA dev activity (530+ GitHub events).

Avalanche & Stellar maintain top-3 status with strong development momentum.

Ranks 4–10 include IOTA, Injective, Axelar, Chia, Hedera, VeChain, Maker—all growing their RWA capabilities.