Sector market cap fell by about $7.3B to $61.5B, yet MANTRA surged +26.6% amid mixed token performance.
TL;DR…
- Bitcoin’s Volatility: A dramatic weekly range saw Bitocin briefly drop below $92K before bouncing back to approximately $98K.
- Altcoins Hit Hard: Altcoins suffered severe losses with average declines of over 15%—some dropping more than 25%—boosting Bitcoin’s dominance to 60.2%.
- RWA Sector Showed Relative Strength: Sector market cap fell by about $7.3B to $61.5B, yet MANTRA surged +26.6% amid mixed token performance. TVL hit ATH.
- Significant RWA Developments: Key news included Ondo’s new tokenization platform, a $795M ESG fund launch, diamond tokenization, and strategic alliances.
What a week! Bitcoin experienced one of its widest weekly ranges ever, briefly touching below $92,000 before recovering to around $98,000.
Altcoins, on the other hand, were hit particularly hard, though the RWA sector stood out with impressive relative strength.
Let’s dive into the details 👇
>> Did you miss last week’s RWA update? Check it out here.
Market Overview
The past week was one for the history books. Over just seven days we witnessed record-breaking liquidations, multilateral tensions between the U.S. and Canada/China/Mexico, as well as one of the most volatile periods ever recorded for altcoins.
Source: Bitcoin (BTC) Coin Page
During this time, Bitcoin (BTC) fluctuated between $106,000 and $92,000 and is now hovering around the $98,100 price point—down 4.4% in the last seven days.
Altcoins have been crushed over the same period. The average altcoin lost over 15% over the last week, with several well-known alts losing upwards of 25%.
Bitcoin’s dominance now sits at 60.2%, its highest value since March 2021. Meanwhile, the CMC Crypto Fear & Greed Index is at 38, indicating significant fear in the market. This is its lowest value in over three months.
RWA Market Recap
This week has been a punishing time for the RWA sector as a whole. Barring a handful of exceptions, the vast majority of RWA tokens have suffered significant losses.
Source: Top Real World Asset Tokens Page
Over the last seven days, more than $7.3 billion was wiped off the sector’s market capitalization (mcap), bringing the total down to $61.5 billion—a similar figure to that seen in early December 2024.
Currently, nine out of the top 10 RWA tokens are in the red over the measured period. Algorand (ALGO) and Injective (INJ) were hit hardest with a 21.3% and 20.1% loss, respectively.
Source: MANTRA (OM) Token Page
MANTRA (OM) once again put on an impressive performance in a down market by gaining a staggering 26.6% over the last week—briefly touching an all-time high (ATH) in the process. This makes it the second-best performing RWA token in the top 100 by mcap.
Other RWA tokens demonstrating particular strength during this period include:
- Chintai (CHEX): gained 51.9%
- Clearpool (CPOOL): gained 9.4%
- Polyhedra Network (ZKJ): gained 7.9%
- Plume (PLUME): gained 2.1%
Unfortunately, winners were few and far between over the last week. With that said, here are this week’s biggest losers.
- PinLink (PIN): lost 29.7%
- Reserve Rights (RSR): lost 27.9%
- TrueFi (TRU): lost 27.5%
- Lumia (LUMIA): lost 26.6%
Overall, most RWA tokens have now retraced all of their December gains and are hovering around supports established in late 2024.
Still, compared with other sectors, the RWA sector continued to show relative strength over the last week.
Per DefiLlama’s narrative tracker, the real-world asset (RWA) sector was the second-best performing sector (behind Bitcoin) in mcap-weighted returns, with a -6.7% change. Meanwhile, the PolitiFi sector was hit hardest, with a -33.4% mcap-weighted change over the last seven days.
The sector’s relative strength is also confirmed by its growing total value locked (TVL)—which recently hit an ATH of $8.49 billion. This growth was led largely by the expansion of on-chain Treasury bills and gold-backed stablecoins.
Maker RWA demonstrated the most growth this week, seeing its TVL swell by 12.2%, adding almost $150 million to its balance. Ondo Finance, with its 15.2% gain, saw its TVL grow by $86 million in the same period—its largest weekly gain in almost a year.
RWA News Roundup
The market is down, but that doesn’t mean the industry isn’t growing. Several major developments occurred behind the scenes this week, boding well for the sector's future.
Some of the most significant developments include:
Ondo Finance Unveils RWA Tokenization Platform: Ondo Finance announced a tokenization platform that brings real-world assets, including stocks, bonds, and ETFs, on-chain. The framework integrates traditional financial instruments with blockchain technology, representing a strategic step toward merging conventional finance with decentralized asset management, thus significantly expanding its reach.
R3 and Chintai Launch $795M RWA ESG Fund: R3 and Chintai unveiled a $795 million real-world asset (RWA) fund focusing on environmental, social, and governance (ESG) investments. The initiative leverages blockchain-based tokenization of tangible assets, enabling transparent and compliant distribution to institutional investors seeking sustainable investment opportunities.
Ozean and Tiamonds Launch Tokenized Diamonds for DeFi: Ozean, a real-world asset platform, has partnered with Tiamonds to tokenize diamonds for DeFi usage. Tiamonds enables fractional ownership of physical diamonds on the blockchain, allowing investors to access diamond-backed assets and potentially generate yields through decentralized finance protocols.
Bouncebit and Hashnote Labs Form Alliance: Bitcoin restaking provider Bouncebit has partnered with Hashnote Labs to bridge centralized finance and real-world assets, delivering transparent yield solutions. The collaboration integrates blockchain technology with traditional financial systems to enhance transparency, streamline yield generation, and foster innovation in CeFi and asset markets.
>> That’s a wrap for this week’s RWA recap! Join us next week for another dose of RWA news, updates, and analyses!
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