RWA sector market cap surged to $67.6B this week.
TL;DR…
- Bitcoin and Altcoins Recap: Bitcoin climbs 0.6%, briefly hitting $102K, while dominance rises to 54.9%. Altcoin market shows mixed performance but retains a 67/100 Altcoin Season Index.
- RWA Market Growth: RWA sector market cap surged to $67.6B this week, led by Chainlink (+16.7%) and XDC (+24.3%). Top performers include CHEX (+30.7%), CPOOL (+23.9%).
- RWA Sector Stats: TVL declines to $7B from its $7.07B ATH. RWA achieves 3.5% weekly mcap-weighted return and remains the top 30-day (+98.5%) performer by mcap-weighted growth.
- Key Developments: ProvLabs funding, Archax-XDC partnership, BounceBit USDY integration, Stellar joining RWA Foundation, and more.
The market is looking strong right now.
Despite a flash crash earlier in the week, the CMC Crypto Fear & Greed Index remains at a firmly bullish 80/100—just on the cusp of extreme greed territory.
And for good reason. Most prominent altcoins have recaptured the majority of their lost gains and reformed a bullish short-term structure.
Let’s see how things have panned out for the RWA sector, shall we?
Market Overview
Bitcoin (BTC) is once again displaying bullish momentum this week, while many altcoins have clawed back much of their earlier losses.
BTC is currently up 0.6% for the week after briefly breaching the $102,000 threshold earlier today. It's now sitting comfortably around the $101,500 price point after recovering from its weekly low of under $95,000.
Source: Bitcoin Dominance Page
Overall, the total market capitalization of all cryptocurrencies (TOTAL1) is trading flat for the week. Bitcoin’s dominance has climbed back up to 54.9% while altcoins failed to match its returns.
Despite this, more than two-thirds of altcoins have still outperformed BTC over the last 90 days, leaving the CMC Altcoin Season Index at 67/100.
RWA Market Recap
This week, the RWA token sector’s performance has been mixed. While many assets are demonstrating impressive growth, others are struggling to stay in the green.
>> Did you miss last week’s RWA recap? Check it out here.
Six of the top 10 RWA tokens have gained over the last seven days, with XDC Network (XDC) leading the pack with a 24.3% increase. Not far behind is Chainlink (LINK) with a 16.7% gain, followed by Synthetix (SNX) with 9.1%.
After last week's impressive performance, VeChain (VET) has cooled off somewhat—down 10% for the week. Meanwhile, IOTA (IOTA) has the worst showing among the top 10 RWA tokens, with an 11.4% loss.
Among the smaller RWA tokens, notable performers include:
- Chintai (CHEX): gained 30.7%
- Clearpool (CPOOL): gained 23.9%
Polyhedra Network (ZKJ) has also woken up in recent weeks. After almost eight months of near-constant decline, the token has gained 25.7% in the last week and 57.2% in the last month.
Other tokens haven’t done so well over the last week.
- Creditcoin (CTC): lost 32.7%
- Reserve Rights (RSR): lost 20.4%
- CANTO (CANTO): lost 18.1%
Overall, the sector has seen its market capitalization swell from $62.4 billion to $67.6 billion over the last week—its highest-ever value. This was largely driven by the growth of Chainlink, which added $2.67 billion to its market capitalization (mcap) this week alone.
Source: DefiLlama
It's also the eighth-best performing sector tracked by DefiLlama's narrative tracker, with a +3.5% mcap-weighted return over the last seven days. Zooming out slightly further, we find that the RWA sector is the best-performing sector over the last 30 days (+98.5%), and second-best (behind meme coins) when measured YTD (+1398%).
Despite the expanding market cap, the RWA sector's total value locked (TVL) has shown quite the same level of growth. The TVL now sits at $7 billion, down from an ATH of $7.07 billion in August 2024. The vast majority of this is associated with on-chain treasuries, such as those provided by Hashnote and Ondo.
RWA News Roundup
Several key RWA projects made big moves this week while the RWA ecosystem expanded with new players and products.
We’ve summarized the most important stories for you below:
ProvLabs Raises Undisclosed Sum in Funding Round: ProvLabs completed its seed funding round led by Morgan Creek Digital and GateCap Ventures, with participation from Animoca Brands and others, to advance large-scale real-world asset deployment on the Provenance Blockchain.
Archax and XDC Network Partner To Enhance RWA Accessibility: Archax, the UK's first FCA-regulated digital securities exchange, has partnered with XDC Network, an enterprise-grade layer-1 EVM-compatible blockchain, to enable financial institutions to access tokenized real-world assets cost-effectively and efficiently.
BounceBit Integrates Ondo's USDY Yieldcoin: BounceBit has integrated Ondo Finance's USDY, a tokenized note secured by U.S. Treasuries, into its CeDeFi V2 platform. This integration offers non-U.S. investors access to U.S. Treasury yields through a dedicated USDY vault, enhancing real-world asset exposure within decentralized finance.
Stellar Joins the RWA Foundation: Stellar has joined the RWA (Real-World Asset) Foundation as a founding member to advance real-world asset tokenization. The foundation, launched by Security Token Market, includes Securitize, Ava Labs and Polygon Labs as members.
UAE’s Largest Bank Partners on Collateralized Lending Initiative: First Abu Dhabi Bank (FAB), the UAE's largest bank, partners with Libre Capital, a finance innovator, to enable blockchain-based loans backed by tokenized real-world assets (RWAs). This initiative bridges stablecoin lending with traditional financial asset backing. (source)
>> And that’s a wrap! Join us next week for more RWA news, updates and developments.
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