Stellar On-Chain RWA Assets Surpass $3 Billion, DeFi's "Accommodation Capacity" Still Needs Improvement
August 29th news: According to The Defiant, a RedStone report shows that tokenized RWA assets on the Stellar chain surpassed $3 billion in July, nearly quadrupling from $785 million in January of this year, while the total value locked in DeFi during the same period was only about $213 million.
Structurally, Amundi and Spiko overnight swap funds, the Spiko T-Bill fund, Ondo USDY, and VuMe Bond 2030 are the main sources of growth, contributing a total of over $2 billion in on-chain assets.
However, a significant gap remains between the rapid issuance of RWA and its application in DeFi. RedStone points out that currently, Blend only has a pool of about $2 million accepting RWA as collateral. The settlement cycle of traditional financial assets does not match the 24/7 on-chain trading mechanism, and price data has also become a key bottleneck restricting RWA's further entry into DeFi. As infrastructure such as pricing and liquidity gradually improves, Stellar's next stage of competition may shift from "asset on-chaining" to "how assets are actually used".
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