Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Real-World Assets
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Crypto
Politics
Sports
Overall NFT Stats
Upcoming Sales
Market Overview
Spot Market
No. of Cryptocurrencies
Bitcoin Treasuries
BNB Treasuries
Fear and Greed Index
Altcoin Season Index
Market Cycle Indicators
Bitcoin Dominance
CoinMarketCap 20 Index
CoinMarketCap 100 Index
Crypto ETFs
Bitcoin ETFs
Ethereum ETFs
RSI
MACD
Overview
Liquidations
Funding Rates
Signals
Trending
New
Gainers
Meme Explorer
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Launch
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
News
Academy
Research
Videos
Glossary
Ask CMC AI
AI Alerts
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
#RWA Protocols Claim Fifth Spot in #DeFi Rankings
Real-world asset protocols overtook decentralized exchanges to become the fifth-largest decentralized finance category by total value locked. RWAs now hold $17 billion in #TVL, up from $12 billion in the fourth quarter of 2024, according to DefiLlama.
RWAs did not rank in the top 10 categories at the start of 2025. Tokenized Treasurys, private credit, and similar instruments shifted from experimental products to fundamental DeFi components over 12 months.
Vincent Liu, chief investment officer at Kronos Research, said balance-sheet incentives drive #RWA growth rather than speculation. Sustained higher rates make tokenized Treasurys and private credit appealing as on-chain yield assets, while clearer regulations reduce barriers for institutional participants.
RWAs excluding stablecoins reached $24 billion earlier in 2025, with private credit and tokenized Treasurys leading expansion. 
$ETH serves as the primary public settlement layer for on-chain debt and fund vehicles.
