On-chain RWA volume surpasses $25 billion, nearly quadrupling in the past year

On March 8th, according to CoinDesk, data from RWA.xyz shows that the on-chain RWA (excluding stablecoins) has surpassed $25 billion, nearly quadrupling from about $6.4 billion a year ago. Six types of assets, including U.S. Treasury bonds and commodities, each exceed $1 billion. Institutions such as BlackRock and Fidelity have launched tokenized fund products, and the number of tokenized U.S. Treasury products has increased to more than 50. On-chain transfers indicate that most RWA transactions are concentrated around $10 million per transaction. According to a survey by Brickken, 53.8% of issuers value financing efficiency, while 15.4% focus on liquidity. Nexus Data Labs estimates that of the approximately $8.49 billion in RWA-backed stablecoins, only 11.8% are deployed in DeFi protocols, with the remainder not integrated into the on-chain system due to compliance requirements.