The post TVL Surges 58X in 3 Years appeared on BitcoinEthereumNews.com.

The real-world asset (RWA) sector has experienced meteoric growth over the past three years, soaring 58 times its previous valuation. Recent data from DeFiLlama revealed that its total value locked (TVL) now stands at an all-time high of $8.217 billion, with a $1 billion spike coming within the last seven days alone. Major Players Fueling Growth Market leaders such as stablecoin issuer Usual and decentralized finance (DeFi) investment management platform Hashnote are at the forefront of this explosive growth. Numbers from DeFiLlama indicate that Hashnote saw a weekly increase of 65.58%, while Usual recorded a slightly higher growth of 65.65%. The former boasts a TVL of $1.497 billion, while the latter’s rose to $1.445 billion. Over 30 days, the metric skyrocketed 230% for Usual, while Hashnote’s kept pace at 217%. Together, the two contributed to more than 35% of the value of assets locked in the RWA sector. Usual’s strong performance comes on the back of raising $10 million in a Series A funding round led by Binance Labs and Kraken Ventures. It also recently saw the price of its governance token hit a new all-time high following claims that hackers compromised the X account of Department of Government Efficiency (D.O.G.E.) co-lead Vivek Ramaswamy and used it to publicize a fake partnership between the U.S. government and the stablecoin project. Away from the top two, green candles were also witnessed on platforms such as Nest Staking, MatrixDock, Franklin Templeton, and Ethena. Nest Staking saw a weekly increase of more than 58%, bringing its total value locked to $66.24 million. On the other hand, MatrixDock, operating on two chains, went up 48.18%, while Ethena amore modest upticks of 12.38%. Others Incur Losses Not all protocols experienced uniform growth, with DeFiLlama’s data showing that Solv Protocol, DigiFT, Danogo, KlimaDAO, and Fortunafi faced varying…

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Filed under: News - @ December 30, 2024 4:24 am