<ul><li>RWA tokenization protocols have experienced substantial growth, with the TTVL reaching nearly $8 billion by the end of April, excluding fiat-backed stablecoins.</li><li>The number of active users on RWA protocols has notably increased since February, signaling a rise in popularity.</li></ul>Blockchain analytics and research firm Messari in an X (formerly Twitter) <a href="https://twitter.com/messaricrypto/status/1785448731803807800" rel="noopener noreferrer nofollow">post</a> reported that Real-world asset (RWA) tokenization protocols have seen significant growth over the last year. By the end of April, the Total Value Locked (TVL) for RWA protocols reached close to $8 billion.This $8 billion TVL figure does not include fiat-backed stablecoins like Tether and USD Coin, but covers carry trade protocols, underwriting, yield-bearing stablecoins, commodities, securities, and real estate tokenization protocols.Additionally, unlike Messari, the DeFi analytics platform DeFiLlama <a href="https://defillama.com/protocols/RWA" rel="noopener noreferrer nofollow">reported</a> a marginally lower TVL of $6 billion (at the time of writing) for RWA protocols. Nevertheless, it recorded a significant increase of approximately 700% in protocol TVL since early 2023.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b1c45ca4189e4774a2af2b8a8db6d18b.png" />Furthermore, the TVL isn&#39;t the only metric showing significant growth this year; the number of active users on RWA protocols has surged since February as well, indicating rising popularity among smaller retail users, according to <a href="https://dune.com/cryptokoryo/rwa" rel="noopener noreferrer nofollow">data</a> from Dune Analytics.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6b71a34976d448e6898b0075894723cb.png" />Not to mention, the <a href="https://newzchain.com/blackrocks-buidl-hits-160m-in-first-week/" rel="noopener noreferrer nofollow">BlackRock USD Institutional Digital Liquidity (BUIDL) Fund</a>, which is the world’s largest tokenized treasury fund, along with <a href="https://newzchain.com/franklin-templeton-enables-peer-to-peer-share-transfers-for-onchain-u-s-government-money-fund/" rel="noopener noreferrer nofollow">Franklin Templeton&#39;s Franklin OnChain U.S. Government Money Fund (FOBXX)</a>, have significantly boosted the expansion of this segment of the RWA market.For more news related to web3, crypto, blockchain, and more, visit <a href="https://newzchain.com/?utm_source&#61;coinmarketcap&amp;utm_medium&#61;cmc_article&amp;utm_campaign&#61;RWAnews" rel="noopener noreferrer nofollow">Newzchain</a>.

Real-World Asset Tokenization Protocols Surge to $8 Billion in Total Value Locked

Newzchain

Other articles published on May 1, 2024

Ripple (XRP) Aims to Dismiss SEC Accountant’s Testimony in Ongoing Lawsuit: Here’s What to Expect

Bitcoin L2s Poised for Major Growth Amidst Runes Overloading BTC Network

Solana On The Verge Of A Breakdown! SOL Price To Hit $100 This Week?

Raboo Presale Passed $1M Milestone as Shiba Inu and Dogecoin Prices Rally

Shiba Inu Gears Up for Major Pump as Bullish Price Action Emerges: Can SHIB Be Used to Pay Ethere...

Smart Money Crypto Investments For May

Join our free newsletter for daily crypto updates!