Jack Tan, co-founder of WOO X, outlined key trends shaping the crypto market in a note to crypto.news: the rapid expansion of real-world assets (RWA) and recent sell-offs within the Binance Smart Chain ecosystem.
Rise of Real-world Assets (RWA)
Tan highlighted the accelerating adoption of tokenized assets, with projections estimating the sector could reach $16.1 trillion by 2030. He pointed to key projects like ONDO, LINK, MKR, and PLUME that focus on tokenization and decentralized finance infrastructure.
Institutional Interest
Institutional interest is rising, exemplified by BlackRock’s BUIDL fund, which has grown from an initial $100 million USDC in March 2024 to over $1 billion, capturing 30% of the tokenized U.S. Treasuries market. Additionally, efforts are underway to integrate tokenized financial products, such as the partnership between Ondo Finance and Mastercard to enable crypto payments to interact with traditional financial systems.
Sell-offs in BSC Ecosystem
The BSC ecosystem has seen increased liquidity in projects like MUBARAK and PALU. However, investor confidence was shaken following accusations against crypto influencer Wolfy_XBT, who allegedly triggered panic through aggressive sell-offs of BNB Card-related tokens. This event sparked broader discussions about potential risks in tokenized ecosystems.
As RWAs gain traction and crypto markets respond to macroeconomic shifts, Tan emphasized that projects such as ONDO, LINK, Maker, and PLUME are well-positioned to capitalize on the evolving landscape.
