TVL increases 58X in 3 years

The Real World Assets (RWA) sector has seen meteoric growth over the past three years, increasing 58 times its previous valuation.

Recent data from DeFiLlama revealed that its Total Locked Value (TVL) is now at an all-time high of $8.217 billion, an increase of $1 billion in the past seven days alone.

Key players fueling growth

Market leaders such as stablecoin issuer Habitual and decentralized finance (DeFi) investment management platform Hashnote are at the forefront of this explosive growth.

DeFiLlama’s numbers indicate that Hashnote experienced a weekly increase of 65.58%, while Usual posted a slightly higher growth of 65.65%. The former has a TVL of $1.497 billion, while the latter rose to $1.445 billion.

Over 30 days, the metric shot up 230% for Usual, while Hashnote kept pace at 217%. Together, the two contributed to more than 35% of the value of assets locked in the RWA sector.

Usual’s strong performance comes on the back of raising $10 million in a Series A funding round led by Binance Labs and Kraken Ventures. It also recently saw the price of its government token hit a new all-time high following claims that hackers compromised the X account of Department of Government Efficiency (DOGE) co-head Vivek Ramaswamy and use to publicize a false partnership between the US government. and the stablecoin project.

Away from the top two, green candles were also seen on platforms such as Nest Staking, MatrixDock, Franklin Templeton and Athena. Nest Staking experienced a weekly increase of more than 58%, bringing its total locked value to $66.24 million.

On the other hand, MatrixDock, which operates on two chains, rose 48.18%, while Athena rose more modestly by 12.38%.

Others have losses

Not all protocols experienced uniform growth, with DeFiLlama data showing that Solv Protocol, DigiFT, Danogo, KlimaDAO and Fortunafi faced varying degrees of decline.

The biggest seven-day loss came from Danogo, whose TVL of $4 million is down more than 15% from a week ago.

Among projects with an all-time high, Solv lost the most locked-in value, shedding more than 10% to settle at $712.81 million. However, over 30 days, Maker RWA suffered the biggest decline, with a negative change of 65%, reducing the value of assets under custody to $290.7 million.

The leap in RWA tokenization could signal a change in the way traditional assets are managed, traded and accessed. Several players in the Argentinian lithium mining sector recently announced plans to represent the potentially trillion-dollar industry with the help of Cardano. Financial giants including BlackRock have also helped legitimize the space through their BUIDL initiative.

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