RWA represents fungible or non-fungible tokens of traditional financial assets on the blockchain. RWA can represent tangible assets (such as real estate) as well as intangible assets (such as government bonds and carbon credits).
BlackRock announced its entry into the RWA field in April and launched the tokenized fund BUIDL on Ethereum.
This significant move will drive a strong rise in RWA tokens.
We have witnessed the first wave of price increase, and I believe the second wave is about to come.
RWA has also become the second most popular narrative in this cycle, next to Solana Memecoin.
Roland Berger predicts that by 2030, the value of the asset tokenization market will reach $10 trillion.
Currently, its market cap has reached $7.3 billion, showing tremendous growth potential.
Due to the recent market correction, most tokens are currently in a discounted state.
With a large amount of liquidity expected to flow into the RWA market, returns of 10x to 50x are possible.
Moreover, the TVL in the RWA sector has nearly increased sixfold over the past year, and during this bull market, the RWA sector will give birth to some hundred-fold coin projects. What quality projects worth paying attention to are mainly in the RWA sector?
In today's article, we will review some quality projects in the RWA sector.
Sweet Dog Brother recommends the wealth coins that have performed well recently:
Regarding the potential of RWA: The RWA narrative is one of the four narratives that are easiest to attract funding in an upward trend, and the capitalization level of projects in this sub-market is relatively low, which means there is a lot of room for growth to be tapped.
Mkr: RWA old leader, lending sector, key project party with strong profitability, large future layout, splitting plans cannot be ruled out.
polyx: An institution-grade permissioned blockchain built for regulated assets.
Token: Asset tokenization issuance platform, also belongs to the meme sector, the beloved token of floki, has been launched on the mainnet.
Cfg: A strong background and powerful brother, a platform that produces hundred-fold coins from Coinlist.
» ￥ONDO
Market cap: $838,000,000
24-hour trading volume: $76,624,000
ONDO is bound to appear on this list, as it has led the rise of RWA series tokens multiple times.
Currently regarded as the leading project in the RWA sector, it has been quite popular and is generally considered a quality RWA project.
The team behind Ondo Finance is quite luxurious, with a Wall Street background, capital and market makers belonging to Wall Street capital and regular army.
It has been supported by institutions such as BlackRock and Morgan Stanley since its inception and has also received investments from top venture capital institutions including Founders Fund, Pantera Capital, and Coinbase Ventures.
For the ONDO token price, there has been neither a big increase nor a big decrease, it's a low open and high rise, slowly climbing. The market-making management team has done very well, and the current market cap of ONDO token has reached over $800 million.
ONDO is a financial protocol focused on the RWA sector, its main business at this stage is to tokenize high-quality assets such as US Treasury bonds and money market funds within a compliant framework for investment and trading by users on the blockchain.
» ￥PENDLE
Market cap: $668,000,000
24-hour trading volume: $78,145,500
Pendle has pioneered a unique future yield trading model, triggering a frenzy in the DeFi sector.
Its model allows users to interact with other DeFi platforms through smart contracts to enhance yield capabilities, allowing trading of various assets' future yields.
Recently, Pendle has achieved significant growth due to smart contract upgrades and the establishment of new partnerships, highlighting its determination to optimize the platform and expand its DeFi influence.
In the recent months, it has risen by 7.4%, although it has fallen by 10.3% in the past 24 hours.
But it has risen 329% within the year.
Although there are fluctuations, the outlook is optimistic, and it is expected to continue to rise.
» TrueFi (￥TRU)
Market cap: $79,783,200
24-hour trading volume: $4,449,000
Tru is also worth paying attention to.
Tru has very strong support in terms of K-line, and the RWA sector itself is also a key focus of this bull market.
Whether it’s BlackRock, Morgan, Citibank, or Franklin, they are all actively positioning themselves in this field.
So, with such a significant drop now, it is all in a value pit.
Compared to Ondo's billion-dollar market cap, Tru's market cap is not even a hundred million, which is really very, very small.
This makes Tru's volatility and potential even greater, suitable for investors who want to take a gamble.
As a new hotspot in the RWA concept, although TRU's market cap is relatively low, its liquidity and fundamentals show strong growth potential.
TRU has received investment from a16z, and the founder's background also adds to its strength. In the current market environment, TRU is expected to become the new favorite of investors.
» Realio Network (￥RIO)
Market cap: $35,483,600
24-hour trading volume: $2,046,200
The king of on-chain real estate, BlackRock's $100 million USDC financing wallet has funds transferred from the official realio_network wallet 'Reserve Wallet' to Rio. Realio Network is designed as a multi-chain Layer 1 Web3 ecosystem focused on issuing and managing digital native assets and real-world assets across many non-EVM and EVM-compatible chains.
This project introduced token burning in the second quarter of the RWA sector, as well as new investment opportunities on its platform.
The project has SEC approval, and its future potential is quite high.
The official wallet has transferred some coins to BlackRock, the purpose is unknown, just a shallow expectation.
» MANTRA (￥OM)
Market cap: $1,097,000,000
24-hour trading volume: $27,672,700
If we talk about the best investment targets of the year, it is neither Bitcoin, nor gold, nor the 'soon-to-plummet' Nasdaq, but the quietly compliant Hong Kong RWA public chain MANTRA ($OM).
Since July, the RWA Layer1 public chain Mantra, which focuses on 'safety first', has been one of the projects worth paying attention to.
L1 blockchain in the RWA sector, collaborating with Dubai's MAG Group, deeply engaged in real estate tokenization.
And OM itself is also quite impressive, having risen 5841% within the year!
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