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Real World Assets (RWA)

Tokenized treasuries, commodities, credit and real-world asset protocols, ranked by TVL and token market data.

Token market cap
$11.1B
+3.12% in 24h
24h token volume
$1.43B
12.9% of market cap
Total value locked
$3.77B
-0.04% in 24h
Protocol fees (24h)
$2.62M
Tracked projects
230
93 tokens · 142 platforms

Today in the data

The 93 tracked RWA tokens are worth $11.1B combined, up 3.1% over the last 24 hours, on $1.43B of trading volume. 65 of 93 rose on the day. Tether Gold is the largest at 27% of the narrative's market cap. The strongest 24h move was The Index (+54.0%); the weakest was RIZE (−5.1%). 102 platforms hold $3.77B on-chain, led by Ethena USDtb ($484.65M). Protocols earned $2.62M in fees over the last 24 hours; Grayscale earned the most ($542.56K).

Top tokens
All tokens
  1. 1
    Tether GoldTether GoldXAUt
    $3.04B
    +3.24%
  2. 2
    OndoOndoONDO
    $2.02B
    +5.95%
  3. 3
    PAX GoldPAX GoldPAXG
    $1.82B
    +3.20%
  4. 4
    SkySkySKY
    $1.58B
    +2.26%
  5. 5
    XDC NetworkXDC NetworkXDC
    $667.26M
    -0.62%
  6. 6
    PendlePendlePENDLE
    $315.22M
    +2.46%
  7. 7
    Zebec NetworkZebec NetworkZBCN
    $200.91M
    +1.09%
  8. 8
    Maple FinanceMaple FinanceSYRUP
    $191.05M
    +0.22%
  9. 9
    OriginTrailOriginTrailTRAC
    $174.79M
    +4.52%
  10. 10
    PlumePlumePLUME
    $99.5M
    +1.17%
Top platforms
All platforms
  1. 1Ethena USDtb
    Ethena USDtb
    RWA · Ethereum
    $484.65M
    TVL
  2. 2Re
    Re
    RWA · Ethereum, Base +2
    $479.93M
    TVL
  3. 3Huma
    Huma
    RWA · Solana, Ethereum +2
    $340.67M
    TVL
  4. 4OnRe
    OnRe
    RWA · Solana
    $307.53M
    TVL
  5. 5OpenTrade
    OpenTrade
    RWA · Avalanche, Ethereum +1
    $245.57M
    TVL
  6. 6Plume Vaults
    Plume Vaults
    RWA · Ethereum, Plume Mainnet +3
    $220.96M
    TVL
  7. 7R25
    R25
    RWA · Pharos, Sui
    $196.65M
    TVL
  8. 8USD AI
    USD AI
    RWA · Arbitrum
    $157.14M
    TVL
  9. 9RealT Tokens
    RealT Tokens
    RWA · Gnosis
    $155.04M
    TVL
  10. 10Theo Network thUSD
    Theo Network thUSD
    RWA · Ethereum
    $132.19M
    TVL
Biggest movers (24h)

Gainers

Losers

Recently listed

Data updated

What is Real World Assets (RWA)?

Real-world asset (RWA) protocols bring off-chain assets on-chain: US treasuries, private credit, commodities like gold, and real estate, issued as tokens that can be held, traded or used as DeFi collateral.

TVL here is close to assets under management — the value of the underlying assets tokenized through each protocol — which makes it the most direct measure of the sector's size.

Methodology

Tokens come from CoinMarketCap's Real World Assets Protocols, Tokenized Commodities and Tokenized T-Bills categories, excluding the general-purpose chains and oracles CoinMarketCap files there (they host RWA rather than issue it); tokenized stocks are not included. Platforms are DefiLlama's RWA protocols.

A token is tracked while it trades at least $1K a day; stablecoins are excluded, and the 500 largest by market cap are kept. Market data refreshes every 15 minutes from CoinMarketCap; TVL and protocol fees refresh hourly from DefiLlama; TVL totals leave out protocols DefiLlama flags as double-counted (vaults and aggregators that deposit into other protocols). Aggregate changes are value-weighted, so large projects move the totals more than small ones.

Tables are ordered by the data alone — market cap, volume, TVL or fees.