📊 2026 RWA lane full view: on-chain asset scale skyrocketed by 10.7 billion USD, public equity growth rate leads at 422%
Data source: DefiLlama × Binance Research (as of May 31)
Entering June, this RWA sector, once mocked as "big thunder but little rain", has delivered a shocking report card👇
① Bonds/MMFs (obligasi + dana pasar uang) — +6.5 billion USD (+83%)
Absolute king. Traditional financial giants are moving the trillion-dollar bond market on-chain. BlackRock BUIDL, Franklin OnChain, and other products are continuously attracting capital.
② Public Equities/Indices (saham publik/indeks) — +2.2 billion USD (+422%)
Growth champion. Tokenized stocks and indices are becoming the new killer application. Annual growth rate exceeds 400%, this must be acknowledged.
③ Precious Metals (logam mulia) — +1.5 billion USD (+39%)
Tokenization of gold, Paxos and Tether are both in the game. The credibility of the USD system is being questioned, leading to a surge in demand for physical assets on-chain.
④ Exotic RWA (RWA eksotik) — +770 million USD (+72%)
Carbon credits → sports copyrights → NFT real estate → physical collectibles, everything can be RWA.
⑤ Private Credit (kredit pribadi) — +118 million USD (+4%)
Slowest growth, but compared to the traditional 35 trillion USD private credit market, there is still huge space.
⚠️唯一失血：
Private Equity/Venture — lost 184 million USD, a direct reflection of the retreat in crypto venture capital.
Core judgment: RWA has transitioned from "narrative" to "structural transformation that is happening". Traditional finance is integrating into Crypto liquidity through on-chain tokenization, this is truly the Bridge Year.
Which specific direction of RWA do you see potential in? $ONDO $MKR
Data source: DefiLlama × Binance Research (as of May 31)
Entering June, this RWA sector, once mocked as "big thunder but little rain", has delivered a shocking report card👇
① Bonds/MMFs (obligasi + dana pasar uang) — +6.5 billion USD (+83%)
Absolute king. Traditional financial giants are moving the trillion-dollar bond market on-chain. BlackRock BUIDL, Franklin OnChain, and other products are continuously attracting capital.
② Public Equities/Indices (saham publik/indeks) — +2.2 billion USD (+422%)
Growth champion. Tokenized stocks and indices are becoming the new killer application. Annual growth rate exceeds 400%, this must be acknowledged.
③ Precious Metals (logam mulia) — +1.5 billion USD (+39%)
Tokenization of gold, Paxos and Tether are both in the game. The credibility of the USD system is being questioned, leading to a surge in demand for physical assets on-chain.
④ Exotic RWA (RWA eksotik) — +770 million USD (+72%)
Carbon credits → sports copyrights → NFT real estate → physical collectibles, everything can be RWA.
⑤ Private Credit (kredit pribadi) — +118 million USD (+4%)
Slowest growth, but compared to the traditional 35 trillion USD private credit market, there is still huge space.
⚠️唯一失血：
Private Equity/Venture — lost 184 million USD, a direct reflection of the retreat in crypto venture capital.
Core judgment: RWA has transitioned from "narrative" to "structural transformation that is happening". Traditional finance is integrating into Crypto liquidity through on-chain tokenization, this is truly the Bridge Year.
Which specific direction of RWA do you see potential in? $ONDO $MKR