RWAs come to DeFi: How DEX derivatives can benefit from asset tokenization
cointelegraph.comBlockchain technology found a new meaning when asset tokenization bridged traditional finance markets with decentralized finance (DeFi). By turning well-known asset classes like real estate, precious metals and intellectual property into tradeable digital assets on the blockchain, real-world asset (RWA) protocols saw huge volume over the last two years.
RWA category TVL chart from Q4 2021 until August 2023. Source: DefiLlama
DefiLlama charts show that the total value locked (TVL) in DeFi protocols under the RWA category enjoyed a strong jump in summer 2023, going from $200 million in April to well over $800 million in August. Key findings shared in the RWA Report by RedStone Oracles and Chaos Labs highlight that the U.S. dollar leads as the most tokenized asset in terms of market cap in crypto, with gold following it in second place.
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