Looking at this week's market data, the thing that made the biggest impression on me was the movement in RWA (real asset tokenization).
According to the latest figures from RWA.xyz, total on-chain RWA has surpassed $25 billion, nearly fourfold growth over the past year. Furthermore, tokenized stocks alone exceeded $1 billion, with Ondo accounting for 58% and xStocks accounting for 24%, clearly establishing a two-way dominance.
You might be thinking, "RWA again?", but this is already beyond the experimental stage and is beginning to be used in real-world applications, truly entering the phase of real demand. One example is Aon, a major global insurance broker, completing a proof-of-concept experiment to pay insurance premiums with stablecoins.
First, let's briefly review the overall trend, before taking a closer look at RWA.