The RWA sector hit a record $9.16B in total value locked.
TL;DR…
- Market turbulence persists: Bitcoin hit $95K before retracing, macroeconomic shifts impacted sentiment, and BTC dominance climbed to over 60.3%—its highest in four years.
- RWA sector rebounds: Despite initial losses, top tokens like Hedera (+30%) and Algorand (+7.5%) surged, pushing RWA market cap to $55.9B, up 2.6% weekly.
- Ondo drives TVL growth: The RWA sector hit a record $9.16B in total value locked, fueled by Ondo Finance's 18.1% growth.
- Key RWA developments: Ondo Finance introduced tokenized U.S. Treasuries to Mastercard’s Multi-Token Network, Story Protocol tokenized pop hits, and Ozean partnered with First Digital for compliance.
To those actively trading in the current market…where do you find your strength?
The last week has been one of the most erratic in recent history, with Bitcoin (BTC) and most altcoins swinging wildly as the macro-economy balances on a pinhead.
In this week’s update, we take a look at how the RWA sector fared in this recent troubled market. Let’s dive in.
Market Overview
For the uninitiated, the last week must have been eye-opening.
>> Did you miss last week’s RWA update? Check it out here.
Bitcoin (BTC) spiked from $85K to $95K, then retraced the entire move and more before recovering to its current value of around $89,400.
Source: Bitcoin (BTC) Coin Page
The OG cryptocurrency is now up 0.7% in seven days.
The choppy market action comes alongside rapid shifts in macroeconomics, ranging from the tariff turmoil kicked off by President Trump, a declining dollar index, and indications that the geopolitical conflict in Eastern Europe might be drawing to a close.
Renewed chatter about the upcoming U.S. crypto strategic reserve has recently boosted hopes.
Despite its gut-wrenching price action, Bitcoin (BTC) has increased its market dominance. The original cryptocurrency now has a 60.3% market share—almost its highest point in four years.
Most altcoins suffered extremely choppy market action over the past week, with many prominent alts smashing through supports to reach yearly lows.
The CMC Crypto Fear & Greed Index now sits at 25, indicating a deeply fearful market.
RWA Sector Recap
The RWA sector suffered a major blow over the last week, with most RWA tokens experiencing significant losses.
Miraculously, however, many of these RWA tokens managed to achieve a more than complete turnaround.
Six of the top 10 RWA tokens by market capitalization are now in the green in this period, with frontrunners Hedera (HBAR) and Algorand (ALGO) up 30% and 7.5% respectively.
Some of the smaller RWA tokens put on a similarly impressive display.
This week's best performers include:
- Propy (PRO): gained 19.3%
- CryptoAutos (AUTOS): gained 16.8%
- Lumia (LUMIA): gained 12.6%
- Chia (XCH): gained 11%
Source: Top Real World Asset Tokens Page
Overall, the sector managed to increase its market capitalization (mcap) to $55.9 billion, growing by 2.6% in the last week.
But not all RWA tokens fared quite so well. A significant fraction failed to recover from their lows and are still in steep losses this week.
Some of the worst-affected examples include:
- TokenFi (TOKEN): lost 21.7%
- Nexera (NXRA): lost 18.9%
- Venus (XVS): lost 18.9%
- Quant (QNT): lost 15.4%
According to DefiLlama's narrative tracker, the sector is performing better than most during this particularly volatile period.
The RWA token sector saw a seven-day mcap-weighted gain of 0.8%, highlighting its strength against other sectors.
Source: DefiLlama
It is currently ranked sixth of the 22 sectors tracked by the platform in terms of mcap-weighted change, with the Solana and Bitcoin sectors coming in first and second place, respectively.
The recent choppy market hasn't affected the RWA sector's growth in terms of total value locked (TVL). The sector recently hit an all-time high TVL of $9.16 billion—primarily fueled by the growth of Ondo Finance, which added 18.1% to its TVL in the last week.
This may be partially owed to support from Donald Trump’s World Liberty Financial, which currently holds 342,000 $ONDO tokens at this address.
>> Keep tabs on your favorite RWA tokens by clicking here.
RWA News Roundup
Though RWA tokens have shown weakness lately, the RWA industry continues to move inexorably forward.
Some of this week’s most significant RWA stories include:
Ondo Finance Integrates Tokenized U.S. Treasuries Into Mastercard's Multi-Token Network: Ondo Finance becomes the first provider to introduce real-world assets to Mastercard's Multi-Token Network (MTN) by integrating its Short-Term U.S. Government Treasuries Fund (OUSG). This allows businesses on MTN to earn daily yields through tokenized assets with continuous access and transactions, eliminating the need for stablecoin conversions or settlement delays.
Story Protocol Brings Pop Hits to the Blockchain: Story Protocol has tokenized portions of the copyrights for Maroon 5's song “Nobody's Love” and Katy Perry's “Daisies,” allowing fractional ownership and blockchain-based trading of these music rights. This move aims to enhance accessibility and liquidity for music intellectual property.
Ozean Partners With First Digital To Enhance RWA Tokenization: Ozean, Clearpool's blockchain platform for real-world asset (RWA) yields, has partnered with First Digital through its WaveMaker program. This collaboration provides Ozean's projects access to First Digital's asset custody services and the First Digital USD (FDUSD) stablecoin ecosystem, aiming to promote transparency, compliance, and security in digital currency.
>> That’s a wrap for this week’s update. Join us next week to keep tabs on the latest developments in the RWA sector.
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