Wintermute Analysts Highlight RWAs as Potential Driver for Next Crypto Bull Cycle
- Onchain tokenized-asset volume has tripled over the past year, exceeding $30 billion.
- RWAs attracted approximately $16 billion in the past year, significantly less than earlier channels like ETFs and Digital Asset Treasuries.
- ETFs recorded net inflows of $63 billion, while digital treasury assets accumulated over $115 billion during their peak periods.
- Adjusted RWA inflows constituted about 0.9% of total crypto market capitalization, a figure higher than that of Digital Asset Treasuries at a similar stage.
- Tokenized assets are increasingly used as collateral in both centralized and decentralized finance platforms.
The growth of tokenized assets could facilitate capital movement between traditional finance and crypto markets, potentially reshaping liquidity channels in the sector.
With RWAs currently attracting only about $16 billion compared to earlier liquidity sources, their development will be critical in determining future market dynamics.(Source)
