๐ Real-world asset tokenization is on a joyride, folks! TVL in RWA protocols has skyrocketed to nearly $8 billion, up 60% since February. ๐ That's excluding fiat-backed stablecoins like USDT and USDC, mind you. We're talking carry trade protocols, underwriting, yield-bearing stablecoins, commodities, securities, and real estate tokenization protocols.
DeFiLlama, however, is a bit of a party pooper, suggesting a slightly lower figure of $6 billion. But hey, that's still a whopping 700% growth since 2023!
And it's not just about the money. The number of active users on RWA protocols has also surged, with digital carbon market platforms Toucan and KlimaDAO, and real estate tokenization protocol Propy leading the pack.
Tokenized U.S. treasuries and bonds are also having a moment, with a record $1.29 billion locked in, thanks to protocols like Securitize and Ondo.
So, what's your take on this RWA rollercoaster? ๐ข Share your thoughts below! ๐