Total tokenized RWA barely moved for the quarter (+7%) — but the growth underneath was anything but even. Which chains pulled it in: Solana led by a mile, adding $1.06B (+47%) to reach $3.29B. Stellar was next at +$910M (+64%), and ZKsync Era posted the fastest run of all — up 365% to $975M. The pattern: while Ethereum's RWA base shrank, value rotated hard into Solana, Stellar and the fast L2s. The map of tokenized assets is being redrawn — and not in Ethereum's favor.