🚨 The crypto landscape is constantly evolving, and one of the most remarkable success stories of the year has been the explosive growth of Real World Assets, or RWAs. According to DeFiLlama, the RWA market has surged an astounding 2400% this year.
The Rockets Leading the Charge 🚀
Within this burgeoning RWA market, several projects have surged to the forefront:
1️⃣ stUSDT - TVL: $1.7 billion, +135% (1 month): Leading the pack is stUSDT, a first-of-its-kind rebase RWA protocol through staking
2️⃣ Ondo Finance - TVL: $200 million, +28% (1 month): Ondo Finance brings a unique offering to the table, with $USDY, a tokenized note secured by short-term US Treasuries and bank demand deposits
3️⃣ Tangible - TVL: $57 million, +47% (1 month): Tangible introduces $USDR, the first stablecoin backed by tokenized, yield-generating real estate