自2024年初以来，在仲裁网络上，现实世界中资产（RWA）的总价值飙升了1,000倍。

从去年1月初，仲裁的$ 100,000到$ 200,000，仲裁现在拥有超过2亿美元的令牌RWA。

The total value of real-world assets (RWAs) on the Arbitrum network has surged over 1,000-fold since the start of 2024.

自2024年初以来，在仲裁网络上，现实世界中资产（RWA）的总价值飙升了1,000倍。

From a modest $100,000 to $200,000 in early January last year, Arbitrum now hosts more than $200 million in tokenized RWAs. This reflects one of the most explosive growth trajectories in decentralized finance (DeFi) this year.

从去年1月初，仲裁的$ 100,000到$ 200,000，仲裁现在拥有超过2亿美元的令牌RWA。这反映了今年分散的金融（DEFI）中最爆炸性的增长轨迹之一。

RWA Total Value on Arbitrum Increases 1,000X

RWA仲裁的总价值增加了​​1,000x

This exponential expansion is largely attributed to Arbitrum DAO’s Stable Treasury Endowment Program (STEP), which is currently in its 2.0 phase. The program allocated 85 million ARB tokens to support stable, liquid, yield-generating RWAs.

这种指数扩展在很大程度上归因于DOINTUM DAO的稳定国库捐赠计划（步骤），该计划目前处于其2.0阶段。该计划分配了8500万ARB代​​币，以支持稳定的液体，产生产生的RWA。

“The DAO just approved 35M ARB for RWAs via STEP 2.0. This brings the total RWA investments from the DAO treasury to 85M ARB, one of the largest DAO-led RWA allocations in Web3,” Arbitrum said in February.

“ DAO刚刚通过步骤2.0批准了RWAS的3500万ARB。这将RWA总投资从DAO财政部提高到了8500万ARB，这是Web3中最大的DAO RWA分配之一。”

The strategy aims to reduce the DAO’s exposure to volatile native crypto assets and help build a more resilient treasury, and it appears to be yielding results.

该策略旨在减少DAO暴露于挥发性的本地加密资产，并有助于建立更具弹性的财政部，并且似乎正在产生结果。

US Treasuries dominate Arbitrum’s RWA ecosystem, making up 97% of the sector. Franklin Templeton’s BENJI leads the pack, which holds a 36% market share, followed by SPIKO’s European treasuries, accounting for 18%.

美国国库占主导地位的索引，占该行业的97％。富兰克林·邓普顿（Franklin Templeton）的本吉（Benji）领先，该公司拥有36％的市场份额，其次是Spiko的欧洲国库，占18％。

This diversification beyond US-centric instruments is a healthy sign for global institutional engagement with Arbitrum.

以美国为中心的工具以外的多元化是全球机构与仲裁的健康信号。

“The eco welcomes global diversification beyond US instruments,” The Learning Pill remarked.

“生态欢迎超越美国工具的全球多元化。”

New entrants like Dinari have also added to the ecosystem’s momentum, offering tokenized versions of traditional securities, such as stocks, ETFs (exchange-traded funds), andREITs via its dShares platform.

迪纳里（Dinari）等新参与者还增加了生态系统的势头，提供了传统证券的令牌版本，例如股票，ETF（交易所交易基金），Andreits通过其DSHARES平台。

More than 18 tokenized RWA products live on Arbitrum, covering various asset classes from bonds to real estate. Arbitrum itself highlighted this institutional influx on X (Twitter).

超过18个令牌RWA产品持续使用仲裁，涵盖了从债券到房地产的各种资产类别。仲裁本身强调了X上的机构涌入（Twitter）。

“RWA and Stablecoin adoption on Arbitrum has been monumental! Some of the largest institutions are bringing their tokenized assets to the land of liquidity with $4.7 billion in Stablecoins and over $214 million in RWAs already onchain,” the network stated.

该网络说：“ RWA和Stablecoin对仲裁的采用是巨大的！一些最大的机构将其令牌资产带到流动性的土地上，有47亿美元的stablecoins和超过2.14亿美元的RWAS已经OnChain。”

Teams like Securitize, DigiFT, and SPIKO are tokenizing everything from sovereign debt to real estate portfolios, signaling the early formation of a new financial substrate.

像Securitize，Digift和Spiko这样的团队都将从主权债务到房地产投资组合的一切都表示，这表明了新的金融基材的早期形成。

However, despite the strong ecosystem development, ARB, the network’s native token, is down 88% from its all-time high.

然而，尽管生态系统发展强劲，但该网络的本地令牌ARB比历史最高的高度下降了88％。

Further downside pressure looms, with a 92.63 million ARB token unlock imminent. With only 46% of the total supply currently in circulation, concerns about dilution and lack of direct token accrual from RWA growth remain key market overhangs.

进一步的下行压力隐约可见，即将解锁9263万ARB令牌。目前只有46％的供应量的46％，对RWA增长的稀释和缺乏直接令牌应计的担忧仍然是主要市场。

Tokenized RWA Cross $11 Billion, Ethereum Dominates Onchain Finance Frontier

令牌RWA交叉110亿美元，以太坊统治Onchain Finance Frontier

Beyond Arbitrum, the broader real-world asset sector has quietly become one of the most significant trends in crypto, even if it does not dominate headlines.

除了仲裁之外，更广泛的现实资产部门已经悄悄地成为加密货币中最重要的趋势之一，即使它不主导头条新闻。

According to DeFiLlama, on-chain RWAs have surpassed $11.169 billion in total value locked, up 2.5X over the past year.

根据Defillama的说法，链RWA的总价值超过了11.69亿美元，在过去的一年中增长了2.5倍。

Tokenized US Treasuries and tokenized gold are the engines behind this boom. BlackRock’s BUIDL fund now holds over $2.38 billion in tokenized Treasuries alone. Meanwhile, blockchain-based gold assets, driven by both market demand and rising metal prices, have crossed $1.2 billion, according to a recent BeInCrypto report.

象征化的美国国库和象征性的黄金是这种繁荣的引擎。 BlackRock的Buidl基金现在仅持有超过23.8亿美元的代币化国债。同时，根据最近的一份BeinCrypto报告，基于市场需求和金属价格上涨的基于区块链的黄金资产已经超过12亿美元。

Ethereum remains in the frontline, hosting approximately 80% of all on-chain RWAs. As TradFi giants seek programmable exposure to dollar yields and real assets, Ethereum offers the infrastructure and liquidity needed to bridge capital markets with blockchain rails.

以太坊保持一线，约有80％的链链RWA。随着Tradfi巨头寻求可编程的美元收益率和真实资产，以太坊提供了用区块链轨道架起资本市场所需的基础设施和流动性。

“The top RWA protocols aren’t chasing crypto narratives. They are offering something TradFi understands: yield, dollar exposure, and gold. This is not the future of DeFi. It’s the future of finance,” DeFi analyst Patrick Scott observed.

Defi分析师帕特里克·斯科特（Patrick Scott）观察到：“顶级RWA协议并没有追逐加密货币的叙述。他们提供了Tradfi理解的东西：收益率，美元敞口和黄金。这不是Defi的未来。这是财务的未来。”

Builders point out that adoption is already deeply embedded in on-chain-native applications like Pendle, Morpho, Frax, and various automated market makers (AMMs) and staking layers. The “real yield” thesis has arrived, coded into the new financial system’s base layer.

建筑商指出，采用已经深深地嵌入了Pendle，Morpho，Frax和各种自动化的做市商（AMM）和Staking Layers等链新应用中。 “真正的收益率”论文已经到了，并编码为新的金融体系的基础层。

“The TradFi narrative is nice, but the adoption so far is on-chain-native,” DeFi builder Artem Tolkachev noted.

“ Tradfi叙述很好，但是到目前为止的采用是链的，” Defi Builder Artem Tolkachev指出。

While flashy DeFi experiments often mimic casinos, RWAs show that slow, stable, and scalable wins the race.

尽管经常进行浮华的Defi实验模仿赌场，但RWA表明，缓慢，稳定且可扩展的胜利赢得了比赛。

The next frontier lies in improving access, liquidity, and incentives, particularly on non-Ethereum chains like Arbitrum, where the technical groundwork is strong,

下一个边界在于改善获取，流动性和激励措施，特别是在技术基础工作强大的仲裁等非室内链中，