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Cryptocurrency News Articles

The RWA Sector Doubled by More Than 20% Over the Past Week and Now Appears to Be One of the Strongest Growing Areas in the Crypto Market

Nov 22, 2024 at 07:25 pm

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 RWA Sector Doubled by More Than 20% Over the Past Week and Now Appears to Be One of the Strongest Growing Areas in the Crypto Market

output: The real-world asset sector had a standout week, with a market capitalization of $40.41 billion and a 24-hour trading volume of $3.22 billion. This sector, which bridges blockchain technology with art, commodities, and real estate, is gaining stability as the next point in the innovation process.

The two sector leaders were Chainlink (LINK), which rose 14.39% over the past week, and Avalanche (AVAX), at 14.97%. More impressively, MANTRA (OM) rose 128.51% last week. In comparison, Maker (MKR) 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 that are trying to finance decentralized loans with RWA in emerging markets. The aggregate value locked in stands at about $590.2 million. This points to increased investment value and the adoption of decentralized lending and borrowing protocols.

This increase in TVL speaks well to the growing usage case for RWAs in providing liquidity to traditionally illiquid assets. Players such as Maple and Goldfinch are emerging as key entities in this process, in which blockchain solutions translate institutional-grade capital.

“SEC and Finra are going to be a little, not even forgiving. They’ll be like, you’re just using this technology to create an investment product, you know? And, like, it goes back to the crypto thing; this isn’t like a scary crypto with rug pulls. I mean, this is like boring database stuff to create investment products and increase efficiency.” – David Hendricks, the CEO of Vertalo, spoke to Dorian Batycka and crypto news.

With increased focus on RWA sectors, this sector is merging into decentralized finance, and new avenues for financial inclusion and innovation will be unlocked. Onlookers in this space, including investors and developers alike, are regarding the potential for this space to redefine ownership of assets and ultimately make them accessible to the market.

News source:crypto.news

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