The Real-World Asset (RWA) sector has experienced explosive growth, with its market capitalization reaching $47.8 billion. This represents a significant increase of 68.3% in a month and 119.3% year-over-year. The growth brings the sector back to its April 2024 levels. Ripple has partnered with Archax to tokenize abrdn's $4.8 billion U.S. Dollar Liquidity Fund on the XRP Ledger, making it easier for institutional investors to access tokenized assets. Ondo Finance has integrated LayerZero's interoperability protocol for seamless cross-chain transfers of its USDY token. Other developments in the sector include the launch of the second RWA Base Camp accelerator by Outlier Ventures and the upcoming launch of cUSD, Casper Network's first RWA-backed stablecoin. The top 20 tokens in the RWA sector have all seen gains, with standout performers including XDC Network, Realio Network, Brickken, and Chia. The report paints an optimistic picture of the RWA sector, highlighting its growing importance in bridging traditional finance and decentralized finance.
- Content Editor ( blockchainreporter.net )
- 2024-12-08
CoinMarketCap Highlights RWA Resurgence, Market Cap Hits $47.8 Billion