Over 50% of RWA tokens had been in the inexperienced.
- Market Turmoil: Most prime cryptocurrencies noticed vital losses, with some down 20%. Bitcoin held comparatively agency, gaining 0.7%, whereas altcoins struggled, driving BTC dominance above 60%.
- RWA Resilience: Regardless of the general market weak point, the RWA sector grew 3.7%, hitting a $59.2B market cap. MANTRA (OM) led the surge, gaining 32.3% and reaching an all-time excessive of $7.95.
- Prime & Backside Performers: Over 50% of RWA tokens had been in the inexperienced. Zebec Community (+95.1%) led beneficial properties, whereas Clearpool (-17%) and Lumia (-16.3%) had been hit hardest.
- Main RWA Developments: R3’s Corda surpassed $10B in tokenized belongings, Arbitrum DAO allotted $15.5M to RWAs, and MANTRA secured a Dubai VARA license for compliant RWA tokenization.
If there have been one phrase to explain the final week, it will be “disheartening.”
The overwhelming majority of cryptocurrencies in the highest 100 by market capitalization are in the purple, with a number of the worst performers down by over 20% in this era.
Bitcoin’s market dominance once more broke via the 60% threshold to 60.2%, slightly below its highest determine this yr. That is because of the relative weak point of altcoins over the past seven days.
The CMC Crypto Fear & Greed Index is now down at 37, indicating a disheartened and fearful market. For context, it was solely decrease than this for a quick interval in the course of the 2023 bear market.
Regardless of weak point throughout the board in current weeks, the RWA sector has confirmed significantly resilient.
Right here’s how the sector advanced over the past week.
The final week was a very unstable interval for the RWA sector, with solely round half of RWA tokens remaining optimistic.
Total, the RWA sector gained 3.7% this week to achieve a $59.2 billion market capitalization (mcap).
Although this determine appears promising at first look, it’s necessary to notice that this efficiency was largely because of the success of MANTRA (OM), which added greater than $1.6 billion to its mcap over the past week after gaining 32.3%.
The MANTRA (OM) token briefly hit an all-time excessive (ATH) of $7.95 this week, demonstrating outstanding power whereas the overwhelming majority of different cryptocurrencies struggled with main losses.
Greater than 50% of RWA tokens had been in the inexperienced over the past seven days. One of the best performers at the moment embrace:
A small variety of RWA tokens had been hit significantly exhausting over the past week, dropping upwards of 10% apiece.
Among the worst performers at the moment embrace:
In comparison with different sectors, the RWA sector is holding up significantly effectively.
Supply: DefiLlama
In line with DefiLlama’s Narrative Tracker, the real-world asset (RWA) sector was among the many prime three finest performers this week, seeing an mcap-weighted acquire of two.2%. Once more, this was largely because of the success of MANTRA (OM).
Although its worth motion seems to be reasonably bleak, the RWA sector has continued gaining traction behind the scenes.
Listed here are a few of this week’s most important developments:
>> That’s all for now. Be a part of us subsequent Wednesday for extra RWA insights, information, and developments.
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