Over 50% of RWA tokens were in the green.
TL;DR…
- Market Turmoil: Most top cryptocurrencies saw significant losses, with some down 20%. Bitcoin held relatively firm, gaining 0.7%, while altcoins struggled, driving BTC dominance above 60%.
- RWA Resilience: Despite the overall market weakness, the RWA sector grew 3.7%, hitting a $59.2B market cap. MANTRA (OM) led the surge, gaining 32.3% and reaching an all-time high of $7.95.
- Top & Bottom Performers: Over 50% of RWA tokens were in the green. Zebec Network (+95.1%) led gains, while Clearpool (-17%) and Lumia (-16.3%) were hit hardest.
- Major RWA Developments: R3’s Corda surpassed $10B in tokenized assets, Arbitrum DAO allocated $15.5M to RWAs, and MANTRA secured a Dubai VARA license for compliant RWA tokenization.
The last week has been a tumultuous period for the cryptocurrency market, with widespread losses across top assets, declining investor sentiment, and Bitcoin’s dominance rising as altcoins struggle.Despite this, the RWA sector remained largely unfazed by the turmoil. Let’s dive in for a closer look.
>> Did you miss last week’s RWA update? Check it out here.
Market Overview
If there were one word to describe the last week, it would be “disheartening.”
The vast majority of cryptocurrencies in the top 100 by market capitalization are in the red, with some of the worst performers down by over 20% in this period.
Source: Bitcoin (BTC) Coin Page
Bitcoin (BTC) also suffered a blow but held up better than most digital assets. The OG cryptocurrency is currently up 0.7% for the week, despite briefly falling under $93,500.
Bitcoin's market dominance again broke through the 60% threshold to 60.2%, just below its highest figure this year. This is due to the relative weakness of altcoins over the last seven days.
Source: CMC Crypto Fear & Greed Index
The CMC Crypto Fear & Greed Index is now down at 37, indicating a disheartened and fearful market. For context, it was only lower than this for a brief period during the 2023 bear market.
Despite weakness across the board in recent weeks, the RWA sector has proven particularly resilient.
Here’s how the sector evolved over the last week.
RWA Sector Recap
The last week was an extraordinarily volatile period for the RWA sector, with only around half of RWA tokens remaining positive.
Source: Top Real World Asset Tokens Page
Overall, the RWA sector gained 3.7% this week to reach a $59.2 billion market capitalization (mcap).
Though this figure seems promising at first glance, it’s important to note that this performance was largely due to the success of MANTRA (OM), which added more than $1.6 billion to its mcap over the last week after gaining 32.3%.
Source: MANTRA (OM) Token Page
The MANTRA (OM) token briefly hit an all-time high (ATH) of $7.95 this week, demonstrating remarkable strength while the vast majority of other cryptocurrencies struggled with major losses.
More than 50% of RWA tokens were in the green over the last seven days. The best performers currently include:
- Zebec Network (ZBCN): gained 95.1%
- Opulous (OPUL): gained 43.7%
- Venus (XVS): gained 40.8%
- Plume (PLUME): gained 24.6%
A small number of RWA tokens were hit particularly hard over the last week, losing upwards of 10% apiece.
Some of the worst performers currently include:
- Clearpool (CPOOL): lost 17%
- Lumia (LUMIA): lost 16.3%
- Parcl (PRCL): lost 11.3%
- Ondo (ONDO): lost 9.3%
Compared to other sectors, the RWA sector is holding up particularly well.
Source: DefiLlama
According to DefiLlama’s Narrative Tracker, the real-world asset (RWA) sector was among the top three best performers this week, seeing an mcap-weighted gain of 2.2%. Again, this was largely due to the success of MANTRA (OM).
Among the 22 sectors tracked by the platform, the PolitiFi and Analytics token sectors came in first and second place.
RWA News Roundup
Though its price action looks rather bleak, the RWA sector has continued gaining traction behind the scenes.
Here are some of this week’s most significant developments:
R3’s Corda Leads Tokenized RWA Market With $10B On-Chain Asset: R3’s Corda surpasses $10B in tokenized real-world assets (RWAs), handling over 1M daily transactions. Institutional adoption is growing amid favorable regulations. Corda’s Digital Markets suite boosts adoption, aligning with TradFi and DeFi convergence. Standard Chartered predicts the RWA market will hit $30.1T by 2034. (source)
Plume and Superstate Partner To Expand Tokenized Investment Funds: Plume Network has partnered with asset management firm Superstate to introduce tokenized investment products on Plume's blockchain. This collaboration enables users to mint Superstate's USTB (Short Duration U.S. Government Securities Fund) and USCC (Crypto Carry Fund) directly on-chain, enhancing access to institutional-grade yields through real-world asset tokenization.
Arbitrum DAO To Invest $15.5M in Tokenized RWAs: Arbitrum DAO has allocated a further 35M ARB (~$15.5M) to tokenized real-world assets under STEP 2.0, diversifying its treasury with stable, liquid investments. The application period for USD-denominated RWA providers runs from Feb. 20 to March 20, 2025. The total RWA allocation now sits at 85 million ARB.
MANTRA Finance Secures VARA License for RWA Tokenization: MANTRA Finance gains Dubai’s VARA license, enabling tokenized real-world asset (RWA) services for institutional investors. It can now operate as a Virtual Asset Exchange, Broker-Dealer, and Investment Manager, bridging DeFi and TradFi with compliant blockchain-based financial products in the Middle East.
>> That’s all for now. Join us next Wednesday for more RWA insights, news, and developments.
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