$ETH The active market capitalization of real-world assets (RWAs) has surpassed $15 billion for the first time.
Active Market Cap tracks the portion of assets within RWAs that are allocated to independent holders or smart contracts.
This metric is derived from DefiLlama's data statistics and better reflects actual usage and on-chain activity than the total tokenized market cap alone—because it excludes the portion held by issuers themselves, locked up, or not truly circulating, focusing instead on what is genuinely distributed to independent wallets/contracts, reflecting actual participation and liquidity.
In simple terms:
Total Tokenized Value may include a significant amount of assets controlled by project parties/issuers.
Active Market Cap is closer to the "true value of RWAs circulating in the market/users' hands," so this $15B milestone is seen as an important signal of the RWA sector transitioning from experimental stages to real adoption.
Currently, this breakthrough is primarily driven by tokenized U.S. Treasury bonds, money market funds, gold, and other institutional-grade products, with Ethereum remaining the dominant chain (holding the majority share). #RWA
Active Market Cap tracks the portion of assets within RWAs that are allocated to independent holders or smart contracts.
This metric is derived from DefiLlama's data statistics and better reflects actual usage and on-chain activity than the total tokenized market cap alone—because it excludes the portion held by issuers themselves, locked up, or not truly circulating, focusing instead on what is genuinely distributed to independent wallets/contracts, reflecting actual participation and liquidity.
In simple terms:
Total Tokenized Value may include a significant amount of assets controlled by project parties/issuers.
Active Market Cap is closer to the "true value of RWAs circulating in the market/users' hands," so this $15B milestone is seen as an important signal of the RWA sector transitioning from experimental stages to real adoption.
Currently, this breakthrough is primarily driven by tokenized U.S. Treasury bonds, money market funds, gold, and other institutional-grade products, with Ethereum remaining the dominant chain (holding the majority share). #RWA
