According to Odaily Planet Daily, Messari said in a report that as of April 26, the TVL of the RWA protocol had soared to nearly $8 billion. RWA protocols have witnessed a “significant recovery” over the past year, with growth in the sector driven by “market preference for high-yield debt-based investments”. This nearly $8 billion TVL does not include fiat-backed stablecoins such as USDT and USDC, which covers carry trade agreements, underwriting, yield stablecoins, commodities, securities and real estate tokenization agreements. RWA protocol TVL has surged nearly 60% since February.