The size of the U.S. Treasury tokenization market exceeded US$700 million, an increase of nearly 6 times from the beginning of the year

CoinVoice recently learned that on October 31, according to data from the RWA monitoring platform RWA.xyz, the size of the tokenized U.S. Treasury bond market soared from about $100 million at the beginning of the year to $700 million, reaching $704 million, an increase of nearly 6 times.

Data shows that existing protocols including Ondo Finance, Maple and Backed have seen considerable growth over the past few months. Additionally, the U.S. Treasury token on the Ethereum chain surpassed the Stellar network in value, while latecomers Polygon and Solana also attracted over $40 million in assets. [original link]