Tokenized Assets Hit ₱1.45 trillion ($25 billion) as DeFi Falls ₱1.74 trillion ($30 billion) in Month
Tokenized real-world assets grew 8.7% to ₱1.44 trillion ($24.8 billion) over the past month while DeFi's total value locked collapsed 25% to ₱5.51 trillion ($94.84 billion). Investors are rotating into tokenized U.S. Treasuries offering 4% returns instead of compressed DeFi yields.
Tokenized real-world assets grew 8.7% to $24.8 billion over the past month while DeFi's total value locked collapsed 25% to $94.84 billion. Major DeFi protocols including Aave, Lido, Eigen Layer, and Binance Staked ETH all posted double-digit TVL declines.
Tokenized U.S. Treasury debt jumped 10% to $10.7 billion in distributed value. Tokenized commodities climbed 20% to $6.9 billion, and tokenized private credit rose 15% to $2.9 billion. BlackRock's BUIDL tokenized treasury fund now holds more than $1.5 billion under management.
1inch co-founder Sergej Kunz said DeFi yields were compressed, so lending and staking decreased alongside the market. At the same time, tokenized treasuries offer 4% on-chain returns with minimal risk. Programmable Credit Protocol CEO Rico van der Veen warned that most RWA tokens are still utility tokens with no claim on the revenues flowing through the protocol. RWA protocols offer what DeFi never could: enforceable rights, regulatory clarity, and cash flows that don't depend on token emissions.
Kunz pushed back on the bearish narrative. TVL is still growing in tokenized assets, which shows demand remains strong. Sentiment hasn't yet caught up with the fundamentals, and when it does, these projects will likely reprice very quickly. Tokenized assets' represented asset value—the total value of underlying real-world assets—grew 0.51% to $372.97 billion over the same period.
Ang artikulong ito ay isinulat batay sa ulat mula sa Decrypt.
