CandleFocus RWA App Integrates With Near Protocol To Boost Tokenized Asset Growth
2024-09-10
Author: Content Editor
The RWA app has integrated with Near Protocol, a layer-1 blockchain network that allows users and developers to engage across multiple ecosystems from one account. With this integration, the RWA database now tracks over $630 million in tokenized Treasuries and stablecoins on the network. Near Protocol is known for its speed and cost-effectiveness compared to Ethereum and other competitors, with an estimated capacity to execute up to 100,000 transactions per second when completed. The use of tokenized real-world assets in the decentralized finance (DeFi) ecosystem expands the availability of financial tools and opens up new application possibilities. Near Protocol has witnessed significant growth in the tokenized asset space, with the current total value locked (TVL) of $630 million, a substantial increase from $54 million at the beginning of 2024.
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