📰 Someone at TOKEN2049 put it bluntly: without RWA, DeFi is doomed. It may sound harsh, but it hits a nerve—the TVL in DeFi has long tracked the prices of native tokens, with growth propped up by rising asset prices, while on-chain interest rates rely heavily on demand for leverage.
🔥 When 10-year U.S. Treasury yields reach 5.3%, offering both safety and ample capacity, it’s genuinely hard for DeFi to keep funds with comparable returns. Cheryl Chan of Kamino was also candid: earning stable returns at the same level without taking on significant risk is basically unrealistic.
💡 The next wave of growth is already emerging. Real-world asset perpetuals account for 30–50% of total trading volume on Hyperliquid’s HIP-3 markets, hitting 51% at one point in July. As of October 6, the value of RWAs on Solana was about $4.37 billion, and the number of holder addresses had doubled in 30 days.
👀 But putting assets on-chain doesn’t automatically make them useful. Tokenized stocks have about $2.27 billion in measurable circulating supply, but only around 9.9% has made its way into DeFi. Tokenized funds have reached $12.4 billion in issuance, yet only $728 million is being used as collateral. Frankly, most RWAs are still just sitting in wallets.
🤔 The real dividing line isn’t how much has been issued, but whether these assets can be put to work in lending and trading by solving problems like slow redemptions, shallow fixed-rate markets, KYC, and legal enforceability. What do you think the next assets to really take off in DeFi will be: Treasuries, stocks, or private credit?
#RWA #DeFi #TOKEN2049 #OnchainFinance
🔥 When 10-year U.S. Treasury yields reach 5.3%, offering both safety and ample capacity, it’s genuinely hard for DeFi to keep funds with comparable returns. Cheryl Chan of Kamino was also candid: earning stable returns at the same level without taking on significant risk is basically unrealistic.
💡 The next wave of growth is already emerging. Real-world asset perpetuals account for 30–50% of total trading volume on Hyperliquid’s HIP-3 markets, hitting 51% at one point in July. As of October 6, the value of RWAs on Solana was about $4.37 billion, and the number of holder addresses had doubled in 30 days.
👀 But putting assets on-chain doesn’t automatically make them useful. Tokenized stocks have about $2.27 billion in measurable circulating supply, but only around 9.9% has made its way into DeFi. Tokenized funds have reached $12.4 billion in issuance, yet only $728 million is being used as collateral. Frankly, most RWAs are still just sitting in wallets.
🤔 The real dividing line isn’t how much has been issued, but whether these assets can be put to work in lending and trading by solving problems like slow redemptions, shallow fixed-rate markets, KYC, and legal enforceability. What do you think the next assets to really take off in DeFi will be: Treasuries, stocks, or private credit?
#RWA #DeFi #TOKEN2049 #OnchainFinance