TokenInsight released the Crypto Market Insight Report for the third quarter of 2023. The report shows that real world assets (RWA) is one of the hottest tracks at present. As of September, the market value of the RWA track has increased by about 60% compared with the beginning of this year.

Lending is one of the best-developed tracks in the RWA field, providing a new financing method for small and medium-sized enterprises and bringing higher returns to DeFi users. As of September 24, 2023, a total of 1,748 loans worth $4.4 billion have been issued in the market, and the current outstanding loan value is approximately $556 million, up 77% from the beginning of the year. The average interest rate of the loan is 9.94%, which is generally higher than the yield of non-RWA lending.

Tokenized U.S. Treasuries have also become a popular investment option. Since 2023, the market value of tokenized U.S. Treasuries has risen 452% to nearly $630 million. Currently, the average yield on tokenized Treasuries on the chain is 5.25%, while the yield on stablecoin lending on Aave V2 (Ethereum) is 3.5%~4.5%.

Maker is one of the projects that has benefited the most from RWA. As of now, the value of the RWA vault on Maker is about $3 billion, accounting for 55% of the total assets of the protocol. Since the increase in RWA, Maker's earnings have improved significantly, rising 624% in the past year. Currently, RWA contributes 64% to the protocol's earnings.

To learn more, read the completed report: Crypto Market Insights 2023Q3

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