RWA Market Hits Record $240 Billion: The Tokenization of Everything?
- RWA’s market cap has reached a landmark $240 billion.
- Chainlink ranked highest among RWA projects with the highest market cap.
- The recent surge in market cap highlights RWA’s increasing adoption.
The market for tokenized real-world assets (RWAs) has just smashed through the $240 billion mark, according to data from Messari, a crypto market intelligence platform.
The analysts at Messari pointed out that this asset class has seen some serious growth over the past five years, with a pretty consistent upward trend despite a few dips along the way.
Messari’s chart on RWA market capitalization shows that this whole sector was practically non-existent back in 2020. It saw its first big jump during the crypto bull run of 2021-2022. When the bear market hit, the flow of money into RWAs slowed down, just like everywhere else in crypto.
But even with the big market crash, RWAs held their ground and then started gaining momentum again in 2023, setting the stage for the current bull cycle.
Related: XRPL Adoption Surge From RWAs to Make XRP the Dominant Crypto Asset—Analyst
Which Platforms A…
The post RWA Market Hits Record $240 Billion: The Tokenization of Everything? appeared first on Coin Edition.
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RWA Market Hits Record $240 Billion: The Tokenization of Everything?
- RWA’s market cap has reached a landmark $240 billion.
- Chainlink ranked highest among RWA projects with the highest market cap.
- The recent surge in market cap highlights RWA’s increasing adoption.
The market for tokenized real-world assets (RWAs) has just smashed through the $240 billion mark, according to data from Messari, a crypto market intelligence platform.
The analysts at Messari pointed out that this asset class has seen some serious growth over the past five years, with a pretty consistent upward trend despite a few dips along the way.
Messari’s chart on RWA market capitalization shows that this whole sector was practically non-existent back in 2020. It saw its first big jump during the crypto bull run of 2021-2022. When the bear market hit, the flow of money into RWAs slowed down, just like everywhere else in crypto.
But even with the big market crash, RWAs held their ground and then started gaining momentum again in 2023, setting the stage for the current bull cycle.
Related: XRPL Adoption Surge From RWAs to Make XRP the Dominant Crypto Asset—Analyst
Which Platforms A…
The post RWA Market Hits Record $240 Billion: The Tokenization of Everything? appeared first on Coin Edition.
Read More
PayPal US Quietly Lists SOL and LINK But You Can’t Transfer Them Yet