Original Title: ON–291: Real World Assets
Original source: OurNetwork
Original text translated by: Deep Tide TechFlow
Real World Assets
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. BUIDL launching 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 too early to judge whether it will be successful, but as of November 14, the total minting 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, the scale of this asset class has grown by over 20%. Paxos Gold (PAXG) is the most widely held, with 52,522 wallets holding the asset. PAXG has also seen net token minting for seven consecutive months, reflecting ongoing interest in the product.
RWA.xyz
· The new institutional fund dashboard from 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
· Transaction 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 moved $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, after which an equal amount of tokens was minted on Avalanche.
Maple & Syrup
fatmac | Website | Dashboard
Maple & Syrup continue to show strong growth with a total value locked (TVL) exceeding $600 million
· Maple Finance and Syrup provide corporate credit yield for lenders by issuing loans to institutional borrowers; these loans are always over-collateralized by liquid digital assets (such as BTC, ETH, and SOL). Since the launch of high-yield collateral pools in March and Syrup in June, TVL on the platform has grown over 700%, recently surpassing the $600 million threshold. Protocol revenue has also shown a similar growth trend, with October revenue increasing over 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 yield also comes from fixed-rate, over-collateralized loans to institutional borrowers. The launch of USDT and integration with leading DeFi applications like Pendle has caused TVL to surge to over $300 million in just a few months.
Dune - @maple-finance
Parsec
· To unify Maple and Syrup under joint governance and share the growth of the ecosystem 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 into nearly 150 million SYRUP.
BUIDL
MarcoV | Website | Dashboard
The BUIDL fund achieves multi-chain, with a total value exceeding $543 million
· This week, the BUIDL fund launched by Securitize and BlackRock expanded beyond Ethereum to 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, with 28 holders currently. 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.
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