RWA sector, up 20% over the past 7 days, is one of the leading sectors in the broader market
The real-world asset sector’s market capitalization is $40.41 billion, with a 24-hour trading volume of $3.22 billion. RWAs are gaining stability as the next point in the innovation process by being a bridge for blockchain technology that links real assets with art, commodities, and real estate.
The two sector leaders were Avalanche Avalanche
-1.65%
Avalanche, which rose 14.97% over the past week, and Chainlink Chainlink
-2.76%
Chainlink, at 14.39%. More impressively, MANTRA MANTRA
-1.83%
MANTRA rose 128.51% last week. In comparison, Maker Maker
0.86%
Maker rose 15.89% – a testament to the immense interest that is currently stirring within communities for protocols in decentralized finance.
As of October 21, the Total Value Locked for the RWA sector had grown by $517.6 million on Maple Finance and $72.6 million on Goldfinch, two DeFi protocols trying to finance decentralized loans with RWA in emerging markets. The aggregate value locked in stands at about $590.2 million. This further points to increased investment value and the adoption of decentralized lending and borrowing protocols.