In the past few weeks, there has been a boom in the Aptos blockchain within the crypto sector of RWA.
Thanks to this rapid and recent boom, Aptos has become the third largest crypto network for RWA behind Ethereum and ZKsync Era, but the latter is a layer-2 of Ethereum.
The growth of Aptos: RWA drives the crypto APT
According to data from RWA.xyz, the TVL of Aptos Network in the RWA sector has increased by 56% in just the last 30 days, reaching 538 million dollars.
Of these, almost 420 million dollars consist of crediti privati, while almost 87 million consist of tokenized titoli del Tesoro statunitensi, in addition to nearly 31 million dollars in tokenized fondi alternativi istituzionali.
In total, the RWA tokens present on Aptos are thirteen, of which two of the main ones were launched only in June, and one in December.
It is therefore a truly recent boom, due in particular to the launch of two new tokens in June.
These thirteen tokens are deposited in approximately 2,400 different addresses, with a total market value exceeding 537 million dollars.
It should be noted, however, that the total TVL of RWA tokens on Ethereum exceeds 7.7 billion dollars (almost 58% of the total), while on ZKsync Era it stops just below 2.3 billion.
The TVL on Aptos is still limited to 4% of the total, and does not exceed much beyond the 454 million of Stellar.
The growth of RWA tokens
The RWA tokens sector is one of the fastest-growing in crypto.
Just think that the overall on-chain TVL at the beginning of the year barely exceeded 6 billion dollars, while now it has jumped to 13.3. This is an increase of over 100% in six months.
Even at the beginning of 2024, the TVL was only slightly above 2 billion dollars, so in a year and a half, it increased by almost seven times.
The fact is that more and more companies in traditional finance are issuing RWA tokens, because they are much easier to trade, especially outside traditional platforms, and because they effectively allow the fractionalization of assets.
For example, the market for tokenized U.S. government securities is dominated by BlackRock, the largest asset manager in the world. Out of a total TVL of 7.5 billion dollars, a significant 2.8 billion belongs to tokens issued by BlackRock. In second place is Franklin Templeton with 787 million.
Instead, the market of tokenized commodities, such as gold, is dominated by Paxos, with its Pax Gold (933 million dollars), and Tether with its Tether Gold (669 million).
The main RWA platforms
The single RWA platform with the largest TVL is Securitize, with 3.5 billion dollars.
It hosts as much as 2.9 billion dollars in tokenized American government bonds, and 354 million dollars in alternative institutional funds.
Furthermore, it dominates the tokenized stocks sector, with almost 67% of the TVL in this specific sector.
In the specific case of the platforms, however, there are three that exceed a billion dollars in TVL, because in addition to Securitize, there are also Tradable, with 2.1 billion, and Ondo, with 1.4 billion.
Note that Securitize at the beginning of the year had a TVL of less than 1.2 billion dollars, therefore during 2025 it almost tripled its TVL.
Furthermore, at the beginning of 2024, it was only slightly above 200 million, so in a year and a half, it has multiplied its TVL by as much as sixteen times.
The growth is not only evident, but it is also very rapid and particularly significant.
Note that the token with the highest TVL on Securitize is obviously BUIDL by BlackRock, with more than 78% of the platform’s total TVL.
The Aptos Ecosystem
Aptos is only the fifth network for TVL on Securitize, far behind the first (Ethereum).
Excluding stablecoins, the main RWA platform for TVL on Aptos turns out to be PACT, with almost 420 million dollars, followed by Securitize, but with only 68 million.
Aptos is a layer 1 blockchain that uses a particular programming language for smart contracts, Move, based on Rust and independently developed by some engineers from Facebook’s former crypto project, Diem.
It was created to try to manage more than 150,000 transactions per second thanks to parallel execution, and in 2022 it raised 200 million dollars in a seed round led by the venture capital firm Andreessen Horowitz (a16z).
Binance Labs also invested in Aptos, bringing the valuation to 4 billion dollars at that point.
Its native crypto, APT, debuted on the market in October 2022, and since then it has recorded three major bull runs, followed by three major bear markets, the last of which is still ongoing.
The current price, around $4.4, is 77% lower than the all-time high recorded in January 2023 at nearly $20.