Binance has just updated a new tag RWA. Currently, there are 11 tokens with tags added to the list and most of them have increased sharply in the past period. TRU x3 in just over 1 week, DUSK, RSR, LTO have also x2, ICP, PENDLE, MKR have large capitalization but are also increasing sustainably.
Do you wonder what Real World Asset is that has increased so much?
Real World Assets (RWA) are real-life assets such as real estate, vehicles, precious metals, etc. that are encoded on-chain as tokens or NFTs that can be used in DeFi. This brings the DeFi industry and the cryptocurrency market in general the following benefits:
+ Helps increase liquidity and TVL of DeFi: The value of global real estate was $326.5 trillion in 2020 while the gold market capitalization was $12.39 trillion. Therefore, even if only a small portion of it is tokenized, DeFi's TVL will grow strongly.
+ Opens up a new industry for the cryptocurrency market. DeFi users will have many new asset types to invest in.
+ Enables cross-border asset transfers without restrictions thanks to blockchain and DeFi technology.
