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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
$12.31B
-2.66% in 24h
24h token volume
$1.16B
9.4% of market cap
Total value locked
$4.79B
+0.96% in 24h
Protocol fees (24h)
$2.28M
Tracked projects
239
100 tokens · 144 platforms

Today in the data

The 100 tracked RWA tokens are worth $12.31B combined, down 2.7% over the last 24 hours, on $1.16B of trading volume. 32 of 100 rose on the day. Tether Gold is the largest at 25% of the narrative's market cap. The strongest 24h move was Dusk (+5.9%); the weakest was Reserve Rights (−14.7%). 112 platforms hold $4.79B on-chain, led by Invesco USTB ($629.11M). Protocols earned $2.28M in fees over the last 24 hours; Grayscale earned the most ($587.14K).

Top tokens
All tokens
  1. 1
    $3.05B
    +0.11%
  2. 2
    $2.34B
    -7.15%
  3. 3
    $1.84B
    +0.13%
  4. 4
    $1.83B
    -3.74%
  5. 5
    $741.46M
    -3.01%
  6. 6
    $368.95M
    -3.98%
  7. 7
    $306.24M
    +4.30%
  8. 8
    $233.25M
    -2.61%
  9. 9
    $205.88M
    +2.11%
  10. 10
    $138.56M
    -4.44%
Top platforms
All platforms
  1. 1Invesco USTB
    Invesco USTB
    RWA · Ethereum, Solana +1
    $629.11M
    TVL
  2. 2Ethena USDtb
    Ethena USDtb
    RWA · Ethereum
    $470.15M
    TVL
  3. 3Re
    Re
    RWA · Ethereum, Base +2
    $414.97M
    TVL
  4. 4Huma
    Huma
    RWA · Solana, Ethereum +2
    $406.97M
    TVL
  5. 5USD AI
    USD AI
    RWA · Arbitrum
    $347.33M
    TVL
  6. 6Anemoy Capital
    Anemoy Capital
    RWA · Ethereum, Base +1
    $333.65M
    TVL
  7. 7OnRe
    OnRe
    RWA · Solana
    $292.59M
    TVL
  8. 8OpenTrade
    OpenTrade
    RWA · Avalanche, Ethereum +1
    $251.96M
    TVL
  9. 9Plume Vaults
    Plume Vaults
    RWA · Plume Mainnet, Ethereum +3
    $236.25M
    TVL
  10. 10RealT Tokens
    RealT Tokens
    RWA · Gnosis
    $155.08M
    TVL
Biggest movers (24h)
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.