The actual-world asset (RWA) sector in decentralized finance (DeFi) has gained traction over the past two months after a multi-month consolidation interval. In line with The Block, which tracks DefiLlama knowledge, the overall worth locked (TVL) hit a file $6.6 billion on August 31 earlier than correcting to $5.75 billion as of this writing. Nonetheless, many main RWA tasks proceed to extend.
A few of the RWA tasks that proceed to increase their TVL embrace Standard Cash, Hashnote USYC, and Ondo Finance.
Standard Cash Is High Month-to-month Performer
On September 4, Standard Cash reached a file TVL of $222.5 million. It has gained over 50% over the previous month, being one of the best month-to-month performer amongst all RWA protocols. The venture began with zero liquidity in mid-July, displaying exponential development following the launch.
Standard is a decentralized fiat-backed stablecoin issuer that redistributes possession and worth via its native USUAL token.
Powered by a multi-chain infrastructure, Standard aggregates RWAs from main protocols, reminiscent of BlackRock BUIDL, Ondo, Mountain Protocol, and Hashnote to again its native permissionless stablecoin, USD0.
Hashnote Surpasses $250M in TVL
Hashnote can be making waves, breaking the $250 million mark on September 3. It had lower than $50 million on the finish of Could. At first of August, we reported that Hashnote had surged over 280% inside 3 months to achieve $177 million.
USYC is the tokenized model of Hashnote’s Brief Length Yield Fund (SDYF), which is uncovered to short-term US Treasury Payments.
Ondo Reaches New TVL File at $600M
Ondo is the biggest multi-chain RWA venture. On the finish of April, we reported that Ondo hit the $350 million milestone. Earlier this month, it hit a file $603 million.
USDY and OUSG stay Ondo’s two hottest merchandise. The 2 tokens are uncovered to short-term US Treasury Payments. USDY makes up over 55% of Ondo’s TVL.
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