Author: OurNetwork
Compiled by: Deep Tide TechFlow
Real World Assets
BUIDL | PAXG | BCAP | Maple
RWA.xyz | Dashboard
Over $13.1 billion in real-world assets (RWA) — excluding stablecoins — have now been tokenized on-chain.
Protocols typically incentivize projects to build within their ecosystems through economic incentives. BUIDL's launch on Aptos, Polygon, Avalanche, Optimism, and Arbitrum first introduced these incentives into the treasury: Aptos, Polygon, and Avalanche each agreed to pay quarterly fees to BlackRock based on the value of their BUIDL stake. It is still too early to determine whether it will be successful, but as of November 14, the total minting across all five networks had reached $56.6 million, accounting for 10.4% of the fund.
RWA.xyz
As investors seek ways to invest in gold, the demand for tokenized gold continues to rise. Since the beginning of 2024, the size of this asset class has grown by over 20%. Paxos Gold (PAXG) is the most widely held, with 52,522 wallets holding this asset. PAXG has also seen net token minting for seven consecutive months, reflecting sustained interest in the product.
RWA.xyz
The new institutional fund dashboard of RWA.xyz is tracking $330 million in alternative fund assets under management, led by Blockchain Capital ($148 million) and Superstate's Crypto Carry Fund ($58 million). Since the launch of the Securitize Fund Services platform on October 31, we expect to see more asset managers exploring tokenized funds to address issues of slow investor onboarding, delayed net asset value reporting, and other operational inefficiencies found in traditional funds.
RWA.xyz
Trading Focus: Now that the BUIDL fund has achieved multi-chain operations, users can transfer capital to three networks (Aptos, Avalanche, Polygon) that charge lower management fees. Existing accounts have transferred $25.6 million from Ethereum to Avalanche. During the transfer, 250,000 BUIDL tokens and 25,364,613.13 BUIDL tokens were transferred and burned on the morning of November 15, with an equivalent amount of tokens minted on Avalanche.
Maple & Syrup
fatmac | Website | Dashboard
Maple & Syrup continues to show strong growth after total locked value (TVL) exceeds $600 million
Maple Finance and Syrup provide enterprise credit yields to lenders by issuing loans to institutional borrowers; these loans are always over-collateralized with liquid digital assets (such as BTC, ETH, and SOL). Since the launch of the high-yield collateral pools in March and the launch of Syrup in June, the TVL on the platform has increased by over 700%, recently surpassing the $600 million threshold. Protocol revenue has also shown a similar growth trend, with October revenue up over 700% since the beginning of the year.
Dune - @maple-finance
Syrup.fi is the fastest-growing product of the protocol to date. Syrup's yield also comes from fixed-rate, over-collateralized loans provided to institutional borrowers. The launch of USDT and integration with leading DeFi applications like Pendle has caused the TVL to surge to over $300 million in just a few months.
Dune - @maple-finance
Parsec
To unify Maple and Syrup under shared governance and share the ecosystem's growth with the community, Maple DAO introduced the SYRUP token. 1 MPL token can be converted into 100 SYRUP. In just one day, over 800 wallets converted more than 1.5 million MPL into nearly 150 million SYRUP.
BUIDL
MarcoV | Website | Dashboard
The BUIDL fund achieves multi-chain operations, total value surpasses $543 million
This week, the BUIDL fund launched by Securitize and BlackRock expanded beyond Ethereum, landing on the Aptos, Optimism, Avalanche, Polygon, and Arbitrum blockchains. The BUIDL supply on Ethereum decreased from $557 million to $513 million, but with the addition of these chains, the total supply increased by $30 million to $543 million as of November 14.
Dune - @Marcov
The number of independent holders of the BUIDL fund has slowly increased over time, now totaling 28 holders. The recent expansion to other chains has not increased the number of holders due to overlapping wallets.
Dune - @Marcov
As shown above, as of November 14, 89.6% of BUIDL supply is on Ethereum, followed by 5.0% on Avalanche, 4.8% on Optimism, 0.3% on Polygon, and 0.3% on Aptos and Arbitrum.
