Real-World Assiva (RWAS) are now a category of $ 10 billion, according to data compiled by Defillama, with maker, BlackRock’s Buidl and Ethena’s USDTB, locked every accounting for more than $ 1 billion in total value (TVL).
Of the three USDTB – a stablecoin that is designed to contrast with Ethena’s used – add the fastest growth by more than 1,000% to TVL in the past month.
USDTB is supported by Tokenized BlackRock Money-Market Fund shares, while Usde Crypto-Axets and perpetual futures strategies are used for crypto-driven yields.
Coindesk previously reported that Treasury-stundled tokens achieved a record of $ 4.2 billion market capitalization in the first quarter, driven by growth in OUSG and USDY tokens from ONDO Finance, BlackRock and Securitize’s Buuidl, Franklin’s Benji and Superstate’s.
Treasury-supported tokens dominate, according to data aggregator RWA.XYZ. The next highest category, tokenized raw materials, comes to $ 1.26 billion, with Paxos Gold leading with TVL of just over $ 500 million.
Analysts say that this reflects the preference of investors for safer assets in the middle of Beerarish cryptiment, where T-Bills perform better than what is offered for yields with large Defi protocols such as connection.
Read more: RWA-Tokenization: What does it mean to Tokenize Real-World assets?
