The sector saw its market capitalization (mcap) grow to $48.6 billion following a recovery from a brief dip to as low as $40.9 billion late last week.
TL;DR…
- Crypto market sees muted recovery: BTC up 1.2%, Fear & Greed Index rebounds to 23 as long liquidations decline and volatility eases.
- RWA sector grows: Market cap grows 4.3% to $48.6B, led by LINK (+8.6%) and AVAX (+8.4%), while HBAR lags (-5.4%).
- TVL hits ATH: RWA protocols TVL hits $10.17B, surging $600M in a week, driven by BlackRock’s BUIDL platform (+77% growth).
- Key developments: Ethena & Securitize launch Converge; Aave introduces Horizon; Invesco debuts tokenized private credit fund.
After several weeks of poor price action (pun intended), the market is showing signs of relief and fundamentally strong digital assets are beginning to recapture lost momentum.
As one of the most rapidly developing industries, the RWA token sector is widely expected to benefit from increased attention, investment, and adoption.
Let’s dive in and see how the sector shaped up over the last week.
>> Did you miss last week’s RWA update? Click here to check it out.
Market Overview
This past week has been a period of muted recovery in the cryptocurrency market.
The vast majority of popular digital assets are up on the seven-day chart, with some demonstrating particular strength.
Bitcoin (BTC) is currently trading at around $83,900, gaining a modest 1.2% in a week.
The whole market is moving up in anticipation of today’s FOMC meeting, where Fed Chair Jerome Powell is expected to maintain the current interest rate but possibly earmark several cuts for later in the year.
Source: Coinglass
Long liquidations have also trailed off over the last week, slashed by almost two-thirds, whereas volatility for many digital assets has also declined.
Overall, sentiment is improving in the market. The CMC Crypto Fear & Greed Index currently sits at 23, recovering from a low of 15 in the last seven days.
RWA Sector Recap
Despite greater-than-usual volatility, the RWA sector has held up relatively well over the last week.
Source: Top Real World Asset Tokens Page
The sector saw its market capitalization (mcap) grow to $48.6 billion following a recovery from a brief dip to as low as $40.9 billion late last week.
Overall, the sector swelled by 4.3% this week—largely due to the strong performance of a handful of large-cap RWA tokens, including Chainlink (LINK) and Avalanche (AVAX), which gained 8.6% and 8.4%, respectively.
Among the top 10 largest RWA tokens by market capitalization, seven are currently in the green. Zooming out, we find that 65% of the top 100 are also positive over the last week.
Currently, the best performers include:
- Plume (PLUME): gained 56.1%
- Veloce (VEXT): gained 19.4%
- Clearpool (CPOOL): gained 18.5%
- Maker (MKR): gained 18.3%
- Pendle (PENDLE): gained 14.5%
Unfortunately, a handful of tokens were unable to recover from last week’s major sell-off and remain significantly below their previous levels.Some of the worst performers include:
- Brickken (BKN): lost 9.4%
- Propy (PRO): lost 8.5%
- Alvara Protocol (ALVA): lost 7.8%
- Hedera (HBAR): lost 5.4%
- Propbase (PROPS): lost 4.5%
Source: Hedera (HBAR) Coin Page
Notably, Hedera (HBAR) stands out among this week’s worst performers after hopes that it would be included in an American-first digital asset stockpile didn’t materialize.
Despite the strong recovery, the RWA sector is roughly middle-of-the-pack regarding mcap-weighted performance.
According to DefiLlama’s narrative tracker, the RWA sector ranks 13th out of 22 sectors tracked by the platform with an mcap-weighted gain of 3.2%. For comparison, this week's sector leader was liquid staking governance tokens, with an mcap-weighted gain of 13.4%.
The total value locked (TVL) in RWA protocols continues to hit all-time highs and now sits at $10.17 billion—adding close to $600 million over the last seven days. This was largely due to the success of BlackRock's BUIDL platform, which grew its TVL by more than 77% this week.
RWA News Roundup
While RWA tokens saw mixed growth this week, the sector as a whole continued to march forward with new partnerships formed, solutions announced, and platforms launched.
Below is a selection of this week’s most significant stories to bring you up to speed:
Ethena Labs and Securitize Partner on Tokenized RWA Initiative: Securitize and Ethena Labs have introduced Converge, an Ethereum-compatible blockchain designed to merge decentralized finance (DeFi) with tokenized real-world assets (RWAs). Converge aims to provide institutional investors access to DeFi innovations, facilitating the integration of traditional financial assets into the blockchain ecosystem.
Aave Introduces 'Horizon' To Integrate Real-World Assets Into DeFi: Aave Labs has launched 'Horizon,' an initiative enabling institutions to use tokenized real-world assets (RWAs), such as money market funds, as collateral for borrowing stablecoins like USDC and GHO. After community feedback, Aave confirmed no new token will be issued for Horizon; instead, the existing AAVE token will be utilized.
DigiFT and Invesco Launch Tokenized Private Credit Fund on Arbitrum: DigiFT has introduced Invesco's U.S. Senior Loan Strategy (iSNR) token on the Arbitrum network. This tokenized fund, managed by Invesco, allows investors to purchase shares using stablecoins like USDC and USDt.
Libertum Launches Tokenization Engine With $315K Art Collection by Jacobo Roa: Libertum has unveiled its tokenization engine, debuting with a $315,000 art collection in collaboration with Mexican artist Jacobo Roa. This platform enables fractional ownership of art, making investments more accessible.
>> That’s all for this week’s RWA recap. Check in next week for another dose of RWA news and updates ✌️
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