現實世界資產代幣化飆升：債務投資推動 TVL 激增

自 2024 年 2 月以來，現實世界資產 (RWA) 代幣化協議中的總鎖定價值 (TVL) 飆升了 60%，達到約 80 億美元。根據 Messari Crypto 報告，這種增長歸因於市場對債務型高收益投資的偏好。 TVL 成長不包括法幣支持的穩定幣，但包括大宗商品、證券、房地產、承銷和有收益的穩定幣協議。儘管報告有所增長，但鏈上數據差異顯示 TVL 值各不相同，並且近期 TVL 有所下降。

Real-World Asset Tokenization Surges: Market Preference for Debt-Based Investments Drives 60% Growth in TVL

現實世界資產代幣化激增：市場對債務投資的偏好推動 TVL 成長 60%

New York, May 11, 2024 - Blockchain analytics and research firm Messari has released a comprehensive report highlighting a remarkable surge in real-world asset (RWA) tokenization protocols. According to the report, the total value locked (TVL) in RWA protocols has witnessed an exponential 60% growth since February 2024, reaching an all-time high of nearly $8 billion.

紐約，2024 年 5 月 11 日 - 區塊鏈分析和研究公司 Messari 發布了一份綜合報告，強調現實世界資產 (RWA) 代幣化協議的顯著激增。報告顯示，自 2024 年 2 月以來，RWA 協議的鎖定總價值 (TVL) 呈指數級增長 60%，達到近 80 億美元的歷史新高。

Market Preference Shifts Towards High-Yield Investments

市場偏好轉向高收益投資

Messari's analysis attributed the growth in RWA TVL to a market preference for debt-based, high-yield investments. In recent months, investors have flocked towards RWA protocols offering attractive returns amid a challenging economic environment characterized by high inflation and rising interest rates.

Messari 的分析將 RWA TVL 的成長歸因於市場對債務型高收益投資的偏好。近幾個月來，在以高通膨和利率上升為特徵的充滿挑戰的經濟環境中，投資者紛紛湧向可提供有吸引力回報的 RWA 協議。

Diverse RWA Ecosystem Driving Growth

多元化的 RWA 生態系統推動成長

The report noted that the growth in RWA TVL was not limited to specific sectors but rather spread across various asset classes. Tokenization protocols covering trade, underwriting, yield-bearing stablecoins, commodities, securities, and real estate all contributed to the sector's overall expansion.

報告指出，RWA TVL 的成長並不局限於特定產業，而是分佈在各個資產類別中。涵蓋貿易、承銷、產生收益的穩定幣、大宗商品、證券和房地產的代幣化協議都促進了該行業的整體擴張。

TVL Discrepancies: Messari vs. DefiLlama

TVL 差異：Messari 與 DefiLlama

While Messari reported a TVL figure of $8 billion for RWA protocols, on-chain data provider DefiLlama presented a different picture. On May 11, 2024, DefiLlama reported a TVL of $6.087 billion for the sector, indicating a 6% growth since the beginning of the year.

雖然 Messari 報告 RWA 協議的 TVL 數字為 80 億美元，但鏈上數據提供者 DefiLlama 卻呈現出不同的情況。 2024 年 5 月 11 日，DefiLlama 報告該產業的 TVL 為 60.87 億美元，顯示自年初以來成長了 6%。

This discrepancy can be attributed to the different methodologies employed by the two platforms. Messari's TVL figure excludes fiat-backed stablecoins like Tether and USD Coin, while DefiLlama includes them. However, despite the discrepancy, both platforms acknowledge the significant growth experienced by the RWA tokenization sector.

這種差異可歸因於兩個平台所採用的不同方法。 Messari 的 TVL 數據不包括 Tether 和 USD Coin 等法定支援的穩定幣，而 DefiLlama 則包括它們。然而，儘管存在差異，兩個平台都承認 RWA 代幣化領域經歷了顯著成長。

Active Users and Tokenized Treasuries Soaring

活躍用戶和代幣化國債飆升

Beyond TVL growth, the report highlighted other indicators of the sector's expansion. Dune Analytics data revealed a surge in active users on RWA platforms since February, suggesting increased popularity among retail investors. Protocols like Toucan, KlimaDAO, and Propy reported notable growth in their active user base.

除了TVL 成長之外，該報告還強調了該行業擴張的其他指標。 Dune Analytics 數據顯示，自 2 月以來，RWA 平台的活躍用戶激增，顯示散戶越來越受歡迎。 Toucan、KlimaDAO 和 Propy 等協定的活躍用戶群顯著成長。

Additionally, tokenized treasuries have witnessed substantial growth due to the search for high yields in a high inflationary and high-interest rate environment. Tokenized US treasuries and bonds recorded a locked value of $1.29 billion, marking an 80% increase since the beginning of 2024, according to data from RWA.xyz.

此外，由於在高通膨和高利率環境中尋求高收益，代幣化國債也出現了大幅增長。 RWA.xyz 的數據顯示，代幣化的美國國債和債券的鎖定價值為 12.9 億美元，自 2024 年初以來增長了 80%。

Conclusion

結論

The findings from Messari's report underscore the growing significance of RWA tokenization as a bridge between traditional and decentralized finance. The market's preference for debt-based, high-yield investments has fueled the sector's growth, unlocking new avenues for institutional and retail investors alike. As the tokenization of real-world assets continues to evolve, it holds immense potential to revolutionize the financial landscape and enhance accessibility to a broader range of investment opportunities.

Messari 報告的調查結果強調了 RWA 代幣化作為傳統金融和去中心化金融之間橋樑的重要性與日俱增。市場對債務型高收益投資的偏好推動了該行業的成長，為機構和散戶投資者開闢了新的途徑。隨著現實世界資產的代幣化不斷發展，它具有徹底改變金融格局並增強獲得更廣泛投資機會的巨大潛力。