Experts spoke about the growth of the RWA sector and the tokenization of uranium
The capitalization of RWA projects reached $845 million in 2023. The tokenized asset sector has grown by 641% in 12 months.
The market capitalization of real-world tokenized assets (RWA) increased from $114 million to $845 million. This follows from the report of the CoinGecko data aggregator.
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Real World Assets (RWAs) in crypto are on the rise, from USD-pegged stablecoins dominating the market to tokenized treasuries experiencing a 641% growth in 2023.
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Recall that the creation of RWA involves the launch of tokens that track tangible and intangible assets.
According to CoinGecko, most RWAs are stablecoins pegged to the US dollar. In particular, three assets occupy 95% of the "stable coins" sector: Tether (USDT), USDC and DAI. At the same time, USDT continues to dominate with a 71.4% market share.
The total market capitalization of stablecoins increased from $5.2 billion in 2020 to a peak of $150.1 billion in March 2022. In February 2024, it approached the $134 billion mark.
Assets such as Tether Gold (XAUT) and PAX Gold (PAXG) account for 83% of the total capitalization of commodity-backed tokens. They are backed by a troy ounce of physical gold, whereas Kinesis Gold (KAU) and VeraOne (VRO) are pegged to one gram of gold.
Despite the dominance of tokenized precious metals, tokens backed by other commodities have also been launched. For example, the Uranium308 project has released tokenized uranium, the price of which is pegged to the price of 1 pound of uranium compound U3O8.
According to the report, the market capitalization of commodity-backed tokens has reached $1.1 billion. However, it is only 0.8% of the total capitalization of stablecoins.
Source: https://incrypted.com/eksperty-rasskazali-o-roste-sektora-rwa-i-tokenizacii-urana/
