The distribution of real-world asset holders across blockchain networks in 2026 tells a story of rapid decentralization away from Ethereum's historical dominance, with several newer or less prominent chains posting growth rates that dwarf the established leader. BNB Chain leads all networks with a 567.4% increase in RWA holders since the start of 2026 — a figure that reflects both aggressive ecosystem development by Binance and the appeal of BNB Chain's lower fees and faster transaction times for retail-scale tokenized asset access. Base, Coinbase's Ethereum Layer 2, follows at 84.5% growth, benefiting from Coinbase's institutional distribution relationships and the regulatory credibility that comes with being operated by the largest US-regulated crypto exchange. Solana posted 73% growth and Stellar 66.7%, with Ethereum and Arbitrum adding 47.8% and 35.8% respectively. Polygon added 10.1% while Avalanche's growth was nearly flat at 0.6%, and both Plume and HyperEVM experienced outflows of 5.1% and 9.8%.
The breadth of growth across multiple chains simultaneously signals that the RWA tokenization market is maturing beyond the experimental phase where activity concentrated on one or two networks. Different blockchains are capturing different segments of the tokenization market based on their specific strengths — Ethereum retains institutional DeFi and high-value asset tokenization, Base attracts compliance-conscious US-focused projects, BNB Chain captures retail-accessible tokenized products, and Stellar maintains relevance in cross-border payment and settlement applications.

The analyst observation that the RWA narrative has room to run reflects this multi-chain expansion: the total addressable market for tokenization is not limited by the capacity of any single blockchain, and the parallel growth across BNB Chain, Base, Solana, and Stellar suggests that capital and projects are moving into the sector from multiple directions simultaneously rather than waiting for a single dominant infrastructure standard to emerge.