Messari Reports Says These RWA Protocols To Hit $8 Billion TVL Milestone!
The tokenization of real-world assets (RWA) is exploding, with the total value locked (TVL) in this sector reaching new heights. According to blockchain analytics and research firm Messari, the TVL for RWA protocols soared to nearly $8 billion by April 26. This represents a massive 60% increase since February.
Messari notes that this rapid growth has been fueled by a preference for debt-based, high-yield investments. The $8 billion figure excludes fiat-backed stablecoins like Tether and USD Coin, focusing on carry trade protocols, underwriting, yield-bearing stablecoins, commodities, securities, and real estate tokenization protocols.
DeFiLlama's analysis supports this trend, recording a 700% growth in RWA protocol TVL since January 2023. The growth isn't just in TVL; there's also a significant surge in the number of active users. According to Dune Analytics, RWA protocols like Toucan, KlimaDAO, and Propy are attracting more users, indicating a growing interest from smaller retail investors.
Tokenized Treasuries are also making waves, with a record $1.29 billion locked in tokenized U.S. Treasuries and bonds. This figure has surged by 80% since the beginning of 2024, driven by protocols like Securitize and Ondo.
BlackRock's Institutional Digital Liquidity Fund (BUIDL) on Ethereum has become the world's largest tokenized treasury fund, while the Franklin OnChain U.S. Government Money Fund (FOBXX) has also contributed significantly to the RWA sector's growth.
Some of the hottest RWA Protocols include:
đToucan Protocol
đClearpool
đElysia
đTrueFi
đMaple Finance
đSwarm Markets
đDefactor
đOndo
đMantra
đPendle
đPropy
đKlimadao
đGoldfinch
đCurio
With RWAs on the rise and blockchain-based tokenization gaining momentum, the sector's future looks promising. Stay tuned as these protocols continue to reshape traditional financial markets with innovative on-chain solutions.
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