Stellar activates Protocol 28 as network hits record throughput and RWA value climbs

What happened

Stellar activated Protocol 28, an upgrade to its network, while the network achieved record throughput and the value of real-world assets (RWA), which are tokenized traditional assets, climbed. The update also introduced opt-in Soroban tools for data migrations and a new empty-ledger value for raw-ledger systems.

Confirmed

Global impact / market context

This upgrade could make Stellar faster and more useful for tokenizing real-world assets like bonds or property. Higher throughput means more transactions per second, which may attract businesses and increase demand for XLM, the network's token, potentially boosting its value.

Analyst inference

Rising RWA value on Stellar suggests growing interest in blockchain-based asset trading. As regulatory clarity improves, more institutions might use Stellar for tokenization, increasing network activity and supporting XLM prices, but competition from other blockchains could limit gains.

Analyst inference

What to watch

1. Monitor whether Protocol 28's opt-in Soroban tools are widely adopted by developers, as this could ease data migrations and attract more projects to the network, with details from the article confirming their availability. Confirmed
2. Propose tracking XLM price movements relative to record throughput and RWA growth, as these metrics may signal investor confidence, but only use the article's confirmed facts to assess any correlation over time. Proposed
3. Watch for potential technical issues from the new empty-ledger value in raw-ledger systems, which might affect network stability and user trust, though the article does not specify any current problems. Analyst inference

Affected assets

• XLM — Stellar
• RWA — Xend Finance

Evidence

• cryptoslate.com