The TVL of the RWA protocol has surpassed DEX, becoming the fifth largest DeFi category
Dec 30, 2025 08:49:55
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According to Cointelegraph, as bond tokenization products, private credit products, and commodities rapidly become core components of on-chain finance, the total value locked (TVL) in real-world asset (RWA) protocols has surpassed decentralized exchanges (DEX), becoming the fifth largest DeFi category, with a scale of $17 billion.
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