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.
The protocol typically encourages projects to build within its ecosystem through economic incentives. The launch of BUIDL on Aptos, Polygon, Avalanche, Optimism, and Arbitrum has introduced these incentives to the treasury for the first time: Aptos, Polygon, and Avalanche each agreed to pay quarterly fees to BlackRock based on their network's BUIDL stake value. It is still early to determine their success, but as of November 14, the total minted across all five networks has 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, 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 achieved net token minting for seven consecutive months, reflecting ongoing interest in the product.
RWA.xyz
The new institutional funding dashboard for 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 explore tokenized funds to address issues like slow onboarding of investors, delays in net asset value reporting, and other operational inefficiencies in traditional funds.
RWA.xyz
Trading Focus: The BUIDL fund has now achieved multi-chain operation, allowing users to move capital to three networks (Aptos, Avalanche, Polygon), which charge lower management fees. Existing accounts have transferred $25.6 million from Ethereum to Avalanche. During the transfer process, 250,000 BUIDL tokens and 25,364,613.13 BUIDL tokens were transferred and burned on the morning of November 15, and an equivalent amount of tokens was minted on Avalanche.
Maple & Syrup
fatmac | Website | Dashboard
Maple & Syrup continue to experience strong growth after total locked value (TVL) surpassed $600 million.
Maple Finance and Syrup provide corporate credit returns 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 high-yield collateral pools in March and Syrup in June, the TVL on the platform has grown by more than 700%, recently surpassing the $600 million milestone. Protocol revenue has also shown a similar growth trend, with October revenue increasing by more than 700% compared to the beginning of the year.
Dune - @maple-finance
Syrup.fi is the fastest-growing product of the protocol to date. Syrup’s returns also come 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 to 100 SYRUP. In just one day, over 800 wallets converted more than 1.5 million MPL to nearly 150 million SYRUP.
BUIDL
MarcoV | Website | Dashboard
The BUIDL fund achieves multi-chain, with a total value surpassing $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, reaching $543 million as of November 14.
Dune - @Marcov
The number of independent holders of the BUIDL fund has slowly increased over time, with currently 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.
