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Datacasters
@datacasters
ππ» π© ππ‘π ππ§ππ‘ππ’π§ πππ¬ππ«π―ππ« is an Onchain Report for enterprise web3 teams created by a collective of web3 technologists and creators who value original + data-informed thinking. Issue 1 is out: https://x.com/onchain_brewer/status/1752759605132702128?s=20
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Datacasters
@datacasters
- Not-so-obvious insights on the RWA sector - web3 x financial institutions: who are building in the space, what theyβre building and the value itβll bring - independent review of a useful data tool - tracking token performance by crypto narrative category @CryptoKoryo
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Datacasters
@datacasters
Read in full: https://onchainobserver.beehiiv.com/p/onchain-observer
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Datacasters
@datacasters
a. Not-so-obvious insights on RWAs π€ - RWA as a sector saw one of the highest TVL growth rates in 2H23, going from an aggregated TVL of $1 bn and less in 1H23 to between $5 bn to $6 bn in 4Q23.
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Datacasters
@datacasters
- Upon a closer look at growth drivers, we see that a meaningful portion of the RWA segmentβs TVL growth was driven by MakerDaoβs adoption of RWA for its DAI collateral
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Datacasters
@datacasters
A key insight from @glxyresearch βs latest detailed RWA report is that a few of the largest DeFi & stablecoin protocols have rapidly moved from having only ~10-20% of their stablecoin collateral share coming from RWAs to as high as 60% in late '23!
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Datacasters
@datacasters
- Separately, another meaningful driver of RWA TVL growth in 2023 came from a rise in tokenized U.S. treasuries & bond products starting in 2Q23. Per data from @rwa_xyz the combined market value of issued tokenized treasuries amounted to over $860 million as of early 2024, up by ~$750 million since early 2023.
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Datacasters
@datacasters
Another observation - the market cap total for a "pure-play" RWA is not tracked properly For instance, some protocols categorized as RWA by CoinMarketCap are non-RWA focused blockchains and protocols ...which obscures the true picture of RWA-pure playsβ market value and how they are changing over-time.
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