As financial institutions look to come on-chain, total value locked, or TVL, is anticipated to be the leading indicator of where adoption will occur.
While integrating RWAs into the TVL metric is still in its early stages, with only about $300 billion locked on-chain, the current state of the blockchain layer-1 and layer-2 landscape shows the following figures representing TVL as of July 2023.Most blockchains’ TVL is largely representative of digital assets, such as cryptocurrency and NFTs, although there are a select few notable blockchains whose TVLs are heavily weighted to RWAs.
As with any new data set, the challenge to date has been that RWA TVL data is not readily available and rarely segmented by asset class, meaning it is difficult to assess what portion of a given TVL value consists of cryptocurrency assets versus real-world assets. As is the case with Provenance Blockchain, some blockchains are aiming to self-publish their TVL data by asset class.
TVL is a crucial indicator for institutions seeking to tokenize RWAs, helping them identify the most suitable blockchain platforms based on real-world asset adoption and growth. As the financial industry continues to adopt these innovations, RWA TVL is expected to play an instrumental role in guiding decisions and driving institutional adoption.
This article is adapted from the Global Blockchain Business Council’s report on “Real-World Assets Total Value Locked : From DeFi to TradFi.” To read the complete report,
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