Real World Assets (RWAs) have emerged as one of the most notable themes at Token2049, standing out among the 800 side events alongside AI.
Renewed interest in RWAs surged following comments from BlackRock’s CEO, who suggested that all assets could eventually be tokenized. This perspective, coupled with Tether’s recent profit milestone of nearly $5 million, emphasizes the growing role of stablecoins in the industry.
In market activity over the past week, $LINK and $ONDO recorded the highest outflows. Despite positive performance from $LINK, $ONDO’s results were less favorable. Other tokens such as $MKR, $TOKEN, $RIO, and $IXS also drew attention for their significant shares in current market balances.
Understanding RWAs: Tokenized Real-World Assets
Real World Assets (RWAs) represent tangible assets—like real estate and precious metals—that are tokenized and stored on the blockchain. This innovative approach is reshaping how real assets can be traded and managed digitally.
What is RWA?
RWA (Real World Asset) is a type of cryptocurrency that represents real assets such as real estate, precious metals, etc., tokenized on the blockchain.
Here are the top 4 notable RWA tokens👇
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 30, 2024
Top RWA Tokens Making Waves
– $ONDO | Ondo Finance
Ondo Finance focuses on tokenizing U.S. Treasury bonds, raising $49M privately at $0.02 per token. Backed by names like Pantera Capital and Coinbase Ventures, $ONDO has surged around 350% in 2024, with a current price of $0.729 and a market cap of $1.01B.
– $MKR | MakerDAO
MakerDAO, launched in 2014, allows users to borrow its stablecoin, $DAI, by collateralizing assets on Ethereum. With a $54.5M private round, $MKR has backing from a16z and Paradigm. Recently, $MKR saw a 27.57% decline, currently priced at $1.2K with a $1.01B market cap.
– $PENDLE | Pendle Finance
Pendle Finance enables DeFi users to tokenize yield from crypto assets. It raised $15.5M, with a private price of $0.0982. Up 346% since early 2024, $PENDLE is priced at $5.1, with a market cap of $815.39M.
– $AVAX | Avalanche
Avalanche is a high-performance blockchain platform built for scalability and security. Used for fees, staking, and governance, $AVAX raised $56.1M in private rounds at $0.5. Currently, $AVAX is down 28% in 2024, priced at $26.6 with a $10.82B market cap.
RWA is one of the standout topics among the 800 side events at Token2049, alongside AI.
RWA gained renewed attention after @BlackRock's CEO suggested that all assets could be tokenized, and the recent success of Tether, which reported nearly $5 million in profit, highlighted the… pic.twitter.com/u8F3SmtVAa— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 30, 2024
Tokenized RWAs continue to be a transformative force, promising enhanced asset liquidity and access across global markets.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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