Tokenized U.S. Treasuries – $10.84B
• Tokenized gold – $5.05B in total, from @tether and @Paxos
• Private credit – $1.7B from @maplefinance
• Money market funds – @BlackRock's BUIDL is at $2.17B, @circle's USYC at $1.72B, and @OndoFinance's USDY at $1.29B
RWA distribution per chain ↓
• Ethereum – $15B
• BNB Chain – $2.3B
• Solana – $1.8B
• Base – only $168M
BUIDL is the most integrated RWA so far - it's already live across 9 chains via @wormhole, trading on @Uniswap, and serving as collateral on @Morpho.
Interestingly, only $1.5B from the total onchain RWA market, or around 6%, is active in DeFi protocols.
Tokenization is accelerating, but unfortunately, DeFi integration is lagging.
The next step is adding more functionality to these assets, potentially through @aave or @SkyEcosystem.$$