RWA Market Thrives: Top Tokens Gain Big as TVL Hits $7.6 Billion

RWA sector’s TVL peaked at $7.61 billion.
The sector is expected to reach a $30 trillion valuation by 2030.
A massive $15.51 billion worth of assets have been tokenized.

The real-world asset (RWA) tokenization market is experiencing explosive growth, with a total market cap of over $70 billion. Leading the pack are Hedera (HBAR), Chainlink (LINK), Avalanche (AVAX), VeChain (VET) and Ondo (ONDO) in the top mix. These tokens have seen significant price increases, indicating strong investor interest in the RWA space.

CoinMarketCap data shows the top RWA tokens by market cap are HBAR, LINK, and AVAX. All these tokens have seen impressive gains over the past week, with AVAX up 25%, LINK up 15.95%, HBAR up 19.95%, and others following suit. Based on their current performance, the RWA sector is expected to continue pushing higher.

RWA: A Top Performer in 2024

CoinGecko ranks RWA as the third most profitable narrative of 2024, behind artificial intelligence and meme coins. And the industry hit another milestone in the past 24 hours: the total value locked (TVL) reached $7.61 billion, a new all-time high.

Not just that, trillions are expected to flow into the RWA sector over the long term. The sector could be valued at $30 trillion by 2030. If that happens, the altcoins mentioned above could see widespread adoption and institutional investment. These trillions would include tokenized government securities, stocks, corporate bonds, stablecoins, collectibles, and more.

Data from RWA.xyz shows that the total value of real-world assets tokenized on-chain is $15.51 billion, a 12.64% increase in the last 30 days. The number of asset holders also grew by 2.67% to 81,661, with around 119 issuers currently active in the sector.

Additionally, stablecoins that act as a vital cog within the RWA ecosystem to help with trading and offering liquidity, is now a massive $204.5 billion, a 3.33% increase in the last 30 days. Stablecoin holders have also increased by 4.42% to 141.6 million. This growth in stablecoin usage further indicates strong confidence in the RWA market.

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