Stellar Tokenized US T-Bills Surge $96.2 Million in One Week
Stellar (XLM)
Editor:
Eugene Serbin
Cryptobriefing.com reports that the market capitalization of tokenized US Treasury bills on Stellar increased by $96.2 million over the past week. This addition continues a steady pattern of Treasury inflows into the network, which is building a real-world asset base now measured in billions. A separate RWA Activity report from the RWA Foundation and Token Terminal, covering the week ending October 5, 2026, recorded an $81.2 million increase in tokenized T-bills on Stellar.
Total tokenized funds on the network grew by $90.9 million that week, with Treasuries driving most of the growth. J.P. Morgan reportedly contributed $81.4 million in T-bill growth, while Franklin Templeton added $72.6 million. Franklin Templeton’s BENJI product has been central to this narrative since launching on Stellar in April 2021.
The network’s market cap for these assets expanded from an estimated $500 million in early 2025 to more than $3 billion by June 2026. As of early October 2026, distributed real-world assets on Stellar stood at approximately $3.47 billion. Ethereum’s tokenized T-bills grew by $93.2 million over the same period, slightly edging out Stellar’s weekly gain.
Ethereum still holds the overall lead in total Treasury token volumes according to the research. Weekly market cap figures can swing as funds rebalance, redeem, or shift between chains. When a handful of large issuers account for much of the growth, a strategy change at one firm could noticeably dent a network’s numbers.
How the market reacted
Whalio's own Binance spot order flow for XLM, measured when this story was written up on 6 October 2026. Not the outlet's figures.
XLM is currently trading at $0.2155 with a 1-hour buy ratio of 71.2%, indicating strong immediate buying pressure compared to the 55.7% ratio over the last 4 hours. The 24-hour buy ratio sits at 51.4%, suggesting that while buying is dominant in the short term, it is less pronounced over the full day. Volume deltas show positive inflows of $160,507 in the last hour and $300,423 over four hours, contrasting with a 24-hour cumulative delta of $549,038. This volume delta represents the net difference between buy and sell volume, showing that buyers have been more aggressive than sellers. Net buying occurred for 15 out of the last 24 hours, with spot volume reaching $23,118,495 across 120,972 trades.
The latest daily buy ratio of 51.6% sits at the 64th percentile of the last 322 days, against a median of 50.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for XLM, averaged over the days leading up to the story.
This recent activity contrasts with the preceding week, where the 7-day average buy ratio was 49.1%, making the current 24-hour reading of 51.4% slightly higher. The latest day showed a buy ratio 2.3 percentage points above the weekly average, indicating a shift toward more balanced or slightly bullish sentiment compared to the prior week's norm. However, volume relative to the average was only 0.78x, meaning trading activity was lighter than usual. Over the previous eight days, the price changed by -7.3% with a total volume delta of -$2,351,055, showing a period of net outflows. This current day appears to be an unusual reversal from the net selling pressure observed over the past week.