RWA market under pressure: Over $3B wiped from the sector, with 80% of tokens in the red.
TL;DR…
- Bitcoin volatility shakes markets: BTC briefly crossed $100K before dropping below $95K, now at $96.3K (-1.8% weekly), dragging altcoins and RWA tokens lower.
- RWA market under pressure: Over $3B wiped from the sector, with 80% of tokens in the red. TVL, however, hit an all-time high of $8.62B.
- Key RWA developments emerge: Ondo Finance launched Ondo Chain for RWA tokenization; RWA DePIN Protocol’s $MINEBTC IDO hit 320x gains; Fraktion raised €1.1M; WLF-Ondo partnership announced.
- Sentiment remains weak: The RWA sector ranks 12th in DeFiLlama’s sector tracker, with a declining market cap but continued ecosystem growth led by Maker RWA’s 7.3% TVL increase.
Bitcoin (BTC) went down and took the rest of the market with it.
But despite another red week for the RWA token sector, muted signs of recovery are beginning to appear.
Let’s take a look at how the RWA sector evolved over the last week.
Market Overview
This week, Bitcoin (BTC) has suffered significant volatility—briefly trading at both over $100,000 and under $95,000. It's now hovering around the $96,300 price point, down 1.8% for the week.
Source: Bitcoin (BTC) Coin Page
This weakness in the BTC market has hit altcoins hard.
The vast majority of altcoins have been trading in the red over the last seven days, with a handful of older tokens, including BNB (BNB), Cardano (ADA) and TRON (TRX), managing to hold out.
Meanwhile, Bitcoin now exceeds 60% market dominance—close to its highest value in the last two years.
Source: CMC Crypto Fear & Greed Index
Overall, there is a pervasive unease in the crypto market this week, with the CMC Crypto Fear & Greed Index sitting at 35, its lowest value since September 2024 (right before a major rally).
The market will likely experience additional volatility should today's U.S. CPI figures differ from forecasts of 2.9%.
RWA Market Recap
Another week, another punishing time for RWA token holders.
Over the last seven days, the RWA market has suffered heavy losses, with more than 80% of RWA tokens in the red over this period.
>> Did you miss last week’s RWA recap? Check it out here.
Source: Top Real World Asset Tokens Page
In total, more than $3 billion was wiped off the RWA sector market capitalization (mcap) this week, dropping 5% to $58.3 billion. Meanwhile, trading volume collapsed by an even more brutal 38.3%. The sector's market cap is now right back where it was three months ago.
As it stands, nine of the top 10 RWA tokens by mcap are in the red over this period, with MANTRA (OM) being the only exception after briefly touching a new all-time high and gaining 1.2% this week.
Meanwhile, the other top 10 RWA tokens are marred by heavy losses. The worst affected token is Hedera (HBAR) with its 11.7% loss.
Among the top 100 RWA tokens, these are the worst affected assets*:
- Chintai (CHEX): lost 30.4%
- Propchain (PROPC): lost 24.3%
- Oraichain (ORAI): lost 23.7%
- Plume (PLUME): lost 21.4%
But it’s not all doom and gloom. A handful of tokens managed to not only buck the trend but also record significant gains over the last week.
The best performers by seven-day returns* currently include:
- Pendle (PENDLE): gained 23.8%
- Venus (XVS): gained 19.1%
- Axelar (AXL): gained 10.1%
- Zebec Network (ZBCN): gained 5.4%
*Only tokens with >$1 million weekly trading volume are considered.
Compared to other categories, the RWA token sector isn't holding up particularly well over the last week. It's currently ranked 12th among the 22 sectors in DefiLlama's narrative tracker, which ranks token sectors by mcap-weighted returns.
Source: DefiLlama
The RWA token sector saw a 0.5% mcap-weighted decline over the last week, whereas Analytics came in first place with a +13.3% gain, and PolitiFi was dead last with a 14.2% decline.
Despite this, the total value locked (TVL) in RWA platforms and protocols continues to grow and recently hit an all-time high of $8.62 billion. This growth is primarily fueled by the expansion of Maker RWA, which expanded its TVL by 7.3% to reach $1.4 billion in the last week alone.
RWA News Roundup
Though the sector is certainly suffering from weak price action, it’s looking up in terms of development.
Here are the latest updates, developments, and important stories to catch up on the good stuff.
Ondo Finance Announces Ondo Chain for RWA Tokenization: Ondo Finance has introduced "Ondo Chain," a layer-1 blockchain designed for institutions to tokenize real-world assets (RWAs). The platform allows any user to issue tokens and develop applications. Members including BlackRock, PayPal, and Morgan Stanley will advise the platform’s development.
RWA DePIN Protocol Conducts Record-breaking MINEBTC Token Launch: RWA DePIN Protocol, a platform that connects real-world assets (RWAs) with decentralized physical infrastructure networks (DePIN) recently conducted its first launchpad sale for the $MINEBTC token. It achieved a 320x return for IDO participants on day one of its launch, marking a new record for the MEXC exchange. (source)
World Liberty Financial Joins Forces With Ondo: According to a now-deleted post, Donald Trump’s World Liberty Financial (WLF) and Ondo Finance announced a strategic partnership to integrate Ondo's tokenized assets, including USDY and OUSG tokens, into WLF's network. This collaboration aims to provide users with blockchain-based access to traditional financial assets.
Source: x.com
Fraktion Raises €1.1 Million in Seed Round: Fraktion, a platform specializing in the tokenization and fractionalization of real-world assets (RWAs), has raised €1.1 million ($1.14 million) in seed funding from investors including Cabrit Capital and the Tezos Foundation. The funds will enhance their technology and expand their market presence. (source)
>> That’s the wrap for this week’s RWA update. Check in next week for more RWA news, updates and analyses.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
