• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
RWA Tokens Gain Popularity: Market Capitalization Exceeds $9.5 Billion

RWA Tokens Gain Popularity: Market Capitalization Exceeds $9.5 Billion

user avatar

by Eve Adams

a year ago


Analysts at CryptoDiffer have studied the sector of tokenizing real-world assets (Real World Assets). They published an infographic on their X social media page, showcasing the top cryptocurrencies in this sector by market capitalization. As of June 14, 2024, the RWA sector is demonstrating positive dynamics. The total market capitalization is $9.56 billion, with trading volumes over the past 30 days reaching $25.1 billion.

There have been interesting changes in the ranking of cryptocurrencies in the Real World Assets (RWA) category.

  • The top position remains with Maker (MKR) with a capitalization of $2.12 billion, despite a 15.9% price decline over the past 30 days.
  • The second place is taken by the cryptocurrency Ondo (ONDO), which showed an impressive growth of 72.4%, reaching a total capitalization of $1.87 billion.
  • In third place is the token Pendle (PENDLE) with a market capitalization of $804 million. Over the reporting period, its value increased by 28%.

Mantra (OM) and XDC Network (XDC) also made it into the top 5, with capitalizations of $691 million and $520 million respectively. OM's price grew by 24%, while XDC increased by 3.7%. According to experts, the Ondo project is particularly noteworthy, as it not only entered the top five but also showed significant price growth, indicating high investor interest and stable demand for the platform. This success may be attributed to the innovative financial solutions offered by the project.

Among other notable projects are Polymath (POLYX), which showed a growth of 28.6%, and Dusk Network (DUSK), whose value increased by 36.2%. Additionally, TrueFi (TRU) prices soared by 102%, reaching a total capitalization of $229 million.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

South Korean Authorities Intensify Probe into Upbit Hack

chest

South Korean authorities have intensified their investigation into the Upbit hack, moving from a preliminary review to a full criminal probe led by the National Police Agency.

user avatarEmily Carter

Growing Institutional Demand Drives ETH Withdrawals

chest

Growing institutional demand is driving ETH withdrawals, with about 25% of ETH's supply locked in ETFs and staking structures.

user avatarTomas Novak

American Bitcoin Acquires 363 BTC Amid Share Price Collapse

chest

American Bitcoin (ABTC) acquired 363 BTC on December 4, 2023, after a nearly 40% drop in its share price due to early investors selling off their shares.

user avatarKaterina Papadopoulou

Malaysia Initiates Crackdown on Illegal Bitcoin Mining Operations

chest

Malaysian authorities have launched a nationwide crackdown on illegal Bitcoin mining, targeting nearly 14,000 sites suspected of power theft.

user avatarMaya Lundqvist

Impact of Upbit Cloudflare Outage on Cryptocurrency Infrastructure

chest

The outage raises concerns about the reliance on centralized infrastructure in the decentralized crypto space.

user avatarTenzin Dorje

Lessons Learned from Upbit Cloudflare Outage

chest

The outage highlights the importance of diversifying exchange accounts and understanding platform dependencies.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.