\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tEthereum dominated RWA markets as Solana strengthened, while tokenized assets expanded despite weakening DeFi and crypto-native trading activity.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ethereum continues to hold a commanding position in the tokenized real-world asset (RWA) market, while Solana is emerging as the only other ecosystem to build significant spot trading activity, according to a new joint report by CoinShares and Token Terminal.<\/p>\n
Other major networks, including Arbitrum, BNB Chain, and Base, have yet to develop meaningful RWA spot trading despite being operational for years.<\/p>\n
The report attributed the gap to the concentration of liquidity and trading infrastructure on established networks, where asset issuers and market makers already benefit from active markets. As a result, newer blockchains are also competing to attract established DeFi applications.<\/p>\n
There has been a sharp divergence between crypto-native trading activity and tokenized real-world assets over the past year. Between the second quarter of 2025 and the second quarter of 2026, aggregate spot DEX volumes fell by about 70%, while RWA spot trading volumes rose roughly 220% year over year from a much smaller base. The report said<\/a> the trend suggests tokenized asset adoption is continuing independently of broader crypto market conditions, despite slower growth in recent quarters.<\/p>\n There is also a widening<\/a> gap between overall DeFi activity and tokenized real-world assets. Between the second quarter of 2025 and the second quarter of 2026, total DeFi deposits declined by around 15% amid investor withdrawals and lower crypto asset prices.<\/p>\n RWA deposits, on the other hand, across lending platforms and decentralized exchanges, more than tripled. The figures rose from $2.3 billion to $7.4 billion. This trend points to growing demand driven by the financial utility of tokenized assets rather than crypto market conditions alone.<\/p>\n Ethereum remained the leading blockchain for RWA-backed lending as well, with nearly 70% of all real-world asset<\/a> deposits allocated to lending platforms built on the network. This makes it the primary ecosystem for on-chain collateral.<\/p>\n Meanwhile, Plasma ranked second, supported by Aave\u2019s expansion beyond Ethereum, while Solana\u2019s growth was largely driven by Kamino, a native lending platform focused on productive uses for RWA collateral.<\/p>\nRWA Lending Builds Steam<\/h2>\n
You may also like:<\/h3>\n