Last week, March 18, the TVL in Rwas $ 10 billion surpassed, making the sector 7th largest category in the Defi market. From today, the TVL has risen to an AHT of $ 10,783 billion, with the increasing demand for tokenized assets and institutional participation in blockchain financing. Nowadays, crypto analyst top 7 ICO Top Rwas protocols rank, which mainly contribute to this $ 10,783 billion TVL.
Top Real World assets Protocols per total value locked
Under the top #RWAS protocols from TVL, BlackRock Buidl leads with $ 1.64 billion, followed by Maker RWA at $ 1.29 billion and Ethena USDTB for $ 1.18 billion. TVL Op #RWA is ~ $ 10.7b $ Budl $ mkr $ ena $ on $ usual $ usyc $ xaut $ paxg
🔗… pic.twitter.com/3bhwjrdzjp
– Top 7 ICO | Crypto News & Analytics (@Top7ico) 25 March 2025
Top RWA -Protocols
BlackRock Puidl
According to the data, BlackRock Buidl is the largest RWA project, with a TVL with a value of $ 1.64 billion. With the dominant presence of Buidl in the RWA sector, large financial institutions are increasingly being attracted by the sector, which lays the foundation for more institutional money that concerns the cryptocurrency market.
Maker RWA
The next is Makerdao, a second largest RWA protocol with $ 1.29 billion TVL. Maker is one of the first crypto projects that Integrates RWA as collateral, with about 46% of his Dai -Algorithmic Stablecoin supported by RWA. This approach helps to stabilize the value of DAI and increase the income of the protocol. Reports show that 48% of Maker’s annual incomes come from RWA.
Ethena
Ethena Labs followed as the third largest RWA protocol, with $ 1.18 billion TVL. It is a protocol with a mission to offer a decentralized, crypto-oriented alternative to FIAT money. His USDTB Stablecoin is a new form of tokenized financial device, supported by BlackRock Money Market Fund. With the growing demand for supported funds with Stablecoin, Ethena experiences a significant increase in TVL.
ONDO Finance
ONDO Finance came in as the fourth largest RWA protocol, with $ 1 billion TVL. It bridges the traditional finances and the Defi landscape by tucking instruments with fixed-income instruments, giving investors an advanced and stable approach to generate returns. In 2023, his USDY, a yield -oriented Stablecoin, supported by the American Treasury, registered a growth of 641%. The performance emphasizes the robust demand for RWA assets with a low risk with a low risk.
Usual money
The usual money covered the fifth largest RWA project with a TVL of $ 779 million. It is a decentralized Fiat-supported Stablecoin provider with a mission to offer safety and stability within the crypto landscape through its decentralized tokens. The multi-chain infrastructure collects RWAs from large protocols, including ONDO, BlackRock Buidl, Hashhnote and Mountain Protocol, to support its USD0 Stablecoin.
Others
Other large RWA projects, which also appeared in this list, include Hashhnote UYC, Tether Gold, Franklin Templeton, Paxos Gold and Spiko. Hashhnote UYC has a TVL of $ 760 million, making it the sixth largest RWA project. It is followed by Tether Gold (Xaut) with a TVL of $ 746 million.
Franklin Templeton took the eighth place with $ 671 million TVL. Finally, Paxos Gold and Spiko occupied positions 9 and 10 with $ 649 million TVL and $ 204 million TVL respectively.
