The total amount of funds blocked in RWA protocols reached almost $8 billion, due to the "market preference for high-yield debt investments." This is stated in the Messari report.
Over the past year, RWA protocols have seen a remarkable resurgence, with their TVL soaring to nearly $8 billion, driven by a market preference for debt-based, high-yield investments.
✍️ @SteimetzKinji provides insights in the latest Messari Pro report: https://t.co/GeDgqu3hkW pic.twitter.com/zKgyXcRoMU
According to the study, over the past year, the assets of the "real world" have witnessed an "outstanding revival", increasing TVL by 60% since February.
The bulk of the RWA consists of carry-trade protocols, underwriting, profitable stablecoins, commodities, government securities and tokenized real estate. At the same time, the researchers did not take into account "stable coins" like USDT.
The number of active users in these protocols has also increased since the beginning of the year. According to the Dune dashboard, there were peaks in the number of transactions and users in March.
The volume of transactions and the number of active users. Data: Dune.Most of the activity is accounted for by the Propy real estate tokenization protocol, as well as the Toucan and KlimaDAO digital carbon market platforms.
Tokenized Treasury bonds have also shown significant growth, as they demonstrate profitability in the face of high inflation and interest rates in the United States.
According to RWA.xyz, at the time of writing, a record $1.28 billion is locked in tokenized U.S. treasuries and bonds. Since January, the indicator has increased by 80%, primarily due to the Securitize and Ondo protocols.
The dynamics of tokenized Treasury bonds and liabilities. Data: RWA.xyz.The largest tokenized fund is the BlackRock USD Institutional Digital Liquidity Fund on the Ethereum network with a volume of $375 million.
Recall that at the end of March, ForkLog reported that the RWA token segment grew by 81% in a week. Six of the 15 largest coins in the segment showed triple-digit growth during this period.