RWA Tokens Surge 11%, Reaching Record Value of $29B

The real-world asset (RWA) token market experienced a significant surge this week, with the total value of on-chain RWA assets reaching a new all-time high of $29 billion. This jump represents an 11% increase over the past seven days, according to CoinMarketCap data. The driving force behind this growth is attributed to expanding DeFi applications and increased institutional involvement in RWA tokenization.