The total value locked (TVL) of real-world asset (RWA) tokenization protocols grew by nearly 60% over the past year, reaching $8 billion in April.
According to Messari data, the TVL of the tokenized assets sector reached new record highs, hitting $8 billion on April 26, 2024. The data doesn’t take into account the performance of fiat-backed stablecoins, which are, in fact, also part of the RWA market.
The growth of the tokenized RWA market is also noted by DefiLlama data, but its TVL is estimated a little lower — about $6 billion. On the other hand, according to the aggregator, the growth rate is much higher. Since the beginning of 2023, the TVL of the RWA sector grew greatly by 700%, DefiLlama reports.
The RWA sector’s activity is also marked by an increased number of users. For instance, Dune Analytics reports that the number of monthly active users of RWA protocols rose from 500 in October 2023 to over 2,000 in April 2024.
The most active sectors of the RWA market remain tokenized bonds, private loans, and real estate tokens. Last month, the market capitalization of tokenized government bonds exceeded the $1 billion mark, increasing by 641% in 2023.
Tokenization was named by experts who shared their crypto market predictions with CP Media as one of the top trends of the Web3 industry in 2024.
