The RWA Foundation reports that the tokenized credit market carries an onchain market cap of $6.17 billion as of October 1, 2026, down 2.8% from $6.35 billion on July 3. Paradoxically, unique holder addresses surged 12.1% to 28,840. Maple Finance suffered the steepest sector drop with a $402.7 million market cap loss, yet captured 69% of net holder growth with 2,160 new addresses. Market concentration remains pronounced, with two issuers controlling over 60% of the sector, leaving fragmentation across 64 assets on 16 blockchains as the primary identified risk.
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