DeFi
Real-World Assets in DeFi Hit $3.89 Billion TVL, Marking Major Milestone » The Merkle News
In July 2024, the total value blocked (TVL) For Real World Assets (RWA) in DeFi protocols reached an impressive $3.89 billion.
This milestone highlights the growing integration of tangible assets into the DeFi ecosystem, effectively bridging the gap between traditional finance and decentralized finance.
The market cap of all Real World Asset tokens has reached a whopping $5.95 billion. This substantial market cap reflects the strong investor sentiment and growing adoption of RWA tokens in the crypto space.
Currently, 71 different DeFi protocols are integrating RWA, illustrating the expansion of the ecosystem and the innovative advancements being made in the RWA sector. The total number of RWA token holders has climbed to 241,981, indicating growing interest and participation in the RWA market from unique addresses.
MakerDao Takes Lead With Massive $50 Million in Transaction Volume
MakerDAO leads the charge with a trading volume of $50.09 million, followed closely by Ondo Finance with a trading volume of $58.96 million. These high trading volumes indicate active trading and substantial usage of RWA tokens within these platforms.
Pax Gold (PAXG) stands out with a market cap of $441.66 million, while Goldfinch (GFI) stands out with its monthly token volume of $776,000. These key metrics highlight the financial performance of leading RWA tokens. Tracking projects with a market cap of less than $100 million offers significant profit potential for investors looking for emerging opportunities in the RWA space.
RWA PROTOCOL
In 2024, the DeFi protocol was launched by Gerçek Dünya Varlıkları (RWA) in Toplam Kilitli Değer (TVL) which earned 3.89 million euros. When you buy, you can use the DeFi ecosystem to integrate the ecosystem and the system… pic.twitter.com/84YvWcf55e
— ✨ We will win! ✨ (@WeWillWinTr) July 16, 2024
The strong growth in TVL, market cap, and user participation illustrates the growing relevance of RWA in the DeFi landscape. As more traditional assets are tokenized and integrated into DeFi protocols, the RWA market is poised for further expansion, driving innovation and new opportunities in decentralized finance.
Disclosure: This is not trading or investment advice. Always do your research before purchasing cryptocurrency or investing in any service.
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