现实世界资产代币化飙升：债务投资推动 TVL 激增

自 2024 年 2 月以来，现实世界资产 (RWA) 代币化协议中的总锁定价值 (TVL) 飙升了 60%，达到约 80 亿美元。据 Messari Crypto 报道，这种增长归因于市场对债务型高收益投资的偏好。 TVL 增长不包括法币支持的稳定币，但包括大宗商品、证券、房地产、承销和有收益的稳定币协议。尽管报告有所增长，但链上数据差异显示 TVL 值各不相同，并且近期 TVL 有所下降。

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

现实世界资产代币化激增：市场对债务投资的偏好推动 TVL 增长 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.

纽约，2024 年 5 月 11 日 - 区块链分析和研究公司 Messari 发布了一份综合报告，强调现实世界资产 (RWA) 代币化协议的显着激增。报告显示，自 2024 年 2 月以来，RWA 协议的锁定总价值 (TVL) 呈指数级增长 60%，达到近 80 亿美元的历史新高。

Market Preference Shifts Towards High-Yield Investments

市场偏好转向高收益投资

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 的分析将 RWA TVL 的增长归因于市场对债务型高收益投资的偏好。近几个月来，在以高通胀和利率上升为特征的充满挑战的经济环境中，投资者纷纷涌向可提供有吸引力回报的 RWA 协议。

Diverse RWA Ecosystem Driving Growth

多元化的 RWA 生态系统推动增长

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.

该报告指出，RWA TVL 的增长并不局限于特定行业，而是分布在各个资产类别中。涵盖贸易、承销、产生收益的稳定币、大宗商品、证券和房地产的代币化协议都促进了该行业的整体扩张。

TVL Discrepancies: Messari vs. DefiLlama

TVL 差异：Messari 与 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.

虽然 Messari 报告 RWA 协议的 TVL 数字为 80 亿美元，但链上数据提供商 DefiLlama 却呈现出不同的情况。 2024 年 5 月 11 日，DefiLlama 报告该行业的 TVL 为 60.87 亿美元，表明自年初以来增长了 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.

这种差异可归因于两个平台采用的不同方法。 Messari 的 TVL 数据不包括 Tether 和 USD Coin 等法定支持的稳定币，而 DefiLlama 则包括它们。然而，尽管存在差异，两个平台都承认 RWA 代币化领域经历了显着增长。

Active Users and Tokenized Treasuries Soaring

活跃用户和代币化国债飙升

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 增长之外，该报告还强调了该行业扩张的其他指标。 Dune Analytics 数据显示，自 2 月份以来，RWA 平台的活跃用户激增，表明散户投资者越来越受欢迎。 Toucan、KlimaDAO 和 Propy 等协议的活跃用户群显着增长。

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，由于在高通胀和高利率环境中寻求高收益，代币化国债也出现了大幅增长。 RWA.xyz 的数据显示，代币化的美国国债和债券的锁定价值为 12.9 亿美元，自 2024 年初以来增长了 80%。

Conclusion

结论

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 报告的调查结果强调了 RWA 代币化作为传统金融和去中心化金融之间桥梁的重要性与日俱增。市场对债务型高收益投资的偏好推动了该行业的增长，为机构和散户投资者开辟了新的途径。随着现实世界资产的代币化不断发展，它具有彻底改变金融格局并增强获得更广泛投资机会的巨大潜力。