In 2023, Real World Asset (RWA) protocols have gained substantial traction in the DeFi space, increasing their dominance from 0.01 to 0.07 by October according to data from @intotheblock .

Long-term trends reveal a decline in Total Value Locked (TVL) for traditional DeFi protocols since 2021, while RWA TVL continues to grow. This shift suggests a maturing market where investors find diversification and stability through RWAs increasingly attractive.

Economic factors, such as inflation and evolving regulations, may be driving these trends, positioning RWAs as a potential hedge against market volatility.