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This year, the RWA zone has risen by 237%, with the total market capitalization doubling to $19 billion.
On March 24, news from Velo Protocol analysis indicates that the RWA zone will perform strongly in 2025, with a rise of 237% within the year, and total market capitalization doubling to $19 billion, mainly driven by private credit, with the number of holders and activity reaching historic highs. Meanwhile, the total value of stablecoins will reach $225 billion. As of March 24, 2025, the top five RWA by market capitalization include: BlackRock's $BUIDL, approximately $1.5 billion (largest RWA) Hashnote's $USYC (acquired by Circle in 2025), approximately $800 million Tether Gold's $XAUT, approximately $750 million Franklin OnChain's $BENJI, approximately $700 million Paxos Gold's $PAXG, approximately $650 million.