Content
@
0 reply
0 recast
0 reaction
Datacasters
@datacasters
๐๐ป RWA frens ๐ฉ ๐๐ก๐ ๐๐ง๐๐ก๐๐ข๐ง ๐๐๐ฌ๐๐ซ๐ฏ๐๐ซ 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: - Not-so-obvious insights on the RWA sector
1 reply
0 recast
3 reactions
Datacasters
@datacasters
โฆ - web3 x financial institutions: who are building in the space, what theyโre building and the value itโll bring - independent review of a useful data tool - tracking token performance by crypto narrative category by CryptoKoryo Read in full: https://onchainobserver.beehiiv.com/p/onchain-observer
1 reply
0 recast
0 reaction
Datacasters
@datacasters
Some highlights Not-so-obvious insights on RWAs ๐ค - 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.
1 reply
0 recast
0 reaction
Datacasters
@datacasters
Upon a closer look at growth drivers, we see that a meaningful portion of the RWA segmentโs TVL growth was driven by MakerDaoโs adoption of RWA for its DAI collateral A key insight from @glxyresearchโs latest detailed RWA report is thatโฆ
1 reply
0 recast
0 reaction
Datacasters
@datacasters
..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! - Separately, a 2nd meaningful driver of RWA TVL growth in โ23 came from a rise in tokenized treasuries & bond products starting in 2Q23
1 reply
0 recast
0 reaction
Datacasters
@datacasters
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.
1 reply
0 recast
0 reaction
Datacasters
@datacasters
Another observation - the market cap total for a "pure-play" RWA is not tracked properly Considering the above tracking constraints, we put together a focused list of โcoreโ RWA protocols (whose business is primarily in bringing RWAs on-chain). Their combined mc sums up to less than $4 bn as of Jan โ24.
1 reply
0 recast
0 reaction
Datacasters
@datacasters
If our estimate of a โpure-playโ sector market cap for onchain RWA protocols is closer to reality - being between ~$4 to $5 billion or less as of early 2024 this implies the room for value appreciation for RWA protocols is massive in the coming few to 5 years ๐
1 reply
0 recast
0 reaction
Datacasters
@datacasters
Stay data-curious & subscribe for free ๐ https://twitter.com/onchain_brewer/status/1752759605132702128
0 reply
0 recast
0 reaction
