Bittime - The Total Value Locked (TVL) value in the Real World Assets protocol experienced a significant spike to reach almost $8 billion on April 26.
This figure shows a drastic increase of almost 60% compared to February this year.
What is Total Value Locked (TVL)?
Total Value Locked (TVL) is a representation of the total value of crypto assets stored and utilized in smart contract applications. This metric plays an important role for DeFi users and developers.
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RWA TVL Has Soared Nearly 60%
The $8 billion TVL figure does not include fiat-backed stablecoins such as Tether and USD Coin includes carry trade protocols, underwriting, yield-bearing stablecoins, commodities, securities, and real estate tokenization protocols. Since February, TVL in the RWA protocol has surged nearly 60%.
source: Messari
How to Buy Crypto:
Significant Growth in RWA Protocol
Renowned decentralized finance (DeFi) analysis platform DeFiLlama recorded a slightly lower combined Total Value Locked (TVL) figure for the RWA protocol of around $6 billion.
Nonetheless, this figure represents an incredible 700% growth in the protocol's TVL since the start of 2023.
source: Cointelegraph
Digital carbon market platforms such as Toucan and KlimaDAO, and real estate tokenization protocol Propy, were the main drivers of active user growth in the period.
Significant Growth in Token-Based Treasuries Driven by High Yields
The market for Treasuries issued in the form of digital tokens (tokenized Treasuries) is experiencing rapid growth, driven by attractive returns amidst inflation and high interest rates in the United States.
According to RWA.xyz data, the value of assets locked in US bonds and Treasuries issued in token form reached a record high of $1.29 billion.
This figure represents an 80% jump since the start of 2024, with protocols such as Securitize and Ondo being the main drivers of this growth.
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Conclusion
It is worth highlighting that this nearly $8 billion in total value locked (TVL) does not include fiat currency-pegged stablecoins, such as USDT and USDC.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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