Top 10 RWA-Themed Altcoins by Developer Activity

RWAs, which involve tokenizing traditional assets such as real estate, stocks, and government bonds, have attracted significant attention, particularly from Wall Street firms eager to bring traditional financial assets onto blockchain networks.

Top 10 RWA Altcoins by Developer Focus

Santiment’s rankings are based on recent GitHub activity, tracking code updates and changes. While some of the altcoins are directly involved in the RWA space, others were included for the use of their networks to support RWA initiatives.

Here’s the full list:

Chainlink (LINK) – 676.93
Avalanche (AVAX) – 276.43
IOTA (IOTA) – 172.9
Hedera (HBAR) – 131.67
Chia Network (XCH) – 116.7
Axelar (AXL) – 108.93
Injective (INJ) – 102.53
VeChain (VET) – 78.43
Centrifuge (CFG) – 68.03
Maker (MKR) – 56.73

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Developer Activity: A Sign of Future Growth?

Santiment analysts point out that a surge in development often signals long-term project health and innovation potential. With real-world asset tokenization poised to expand, these projects could be well-positioned to benefit as adoption rises.

🧑‍💻 Here are crypto’s top Real World Assets (RWA’s) by development. Directional indicators represent each project’s ranking rise or fall since last month:

➡️ 1) @chainlink $LINK 🥇
📈 2) @avax $AVAX 🥈
📈 3) @iota $IOTA 🥉
📈 4) @hedera $HBAR
📈 5) @chia_project $XCH
📈 6)… pic.twitter.com/IyPMapEr0N

— Santiment (@santimentfeed) April 25, 2025

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