- MANTRA dominates RWA token rankings with $6.92 billion, far surpassing competitors amid growing demand for tokenized physical assets.
- Ondo and Maker follow as key RWA players, focusing on Treasury bond tokenization and decentralized stablecoin-backed applications respectively.
- RWA tokenization gains traction, attracting institutions and enhancing access to traditional financial markets through blockchain integrations.
A recent chart released by CryptoDep reveals that MANTRA ($OM) now leads all Real World Asset (RWA) projects by market capitalization, reaching $6.92 billion. This places it significantly ahead of competitors in the same category. The data highlights MANTRA’s rising dominance in the RWA space as blockchain projects increasingly shift focus to tokenized traditional assets.
The chart shows Ondo ($ONDO) as the second-largest RWA token, holding a $2.61 billion market cap. Maker ($MKR) ranks third with $1.04 billion. These two tokens also represent strong institutional interest, with Ondo offering tokenized Treasury bonds and Maker facilitating decentralized finance backed by collateralized stable assets.
There is a noticeable drop in market value beyond the top three. Pendle ($PENDLE), which supports DeFi integrations, stands next at $386 million. The significant difference in valuation suggests that only a few projects currently maintain substantial traction in the tokenized asset landscape.
RWA Market Sees Steady Growth
Tokenized assets expanded their market presence just before 2025 began. The total market capitalization of RWA reached $13.7 billion during the previous few months. The blockchain space is experiencing a major evolution because tangible assets are now being increasingly tokenized within institutional domains. The tokenization process encompasses real estate and bonds together with commodities and private equity.
Large institutions such as BlackRock and JPMorgan have shown interest in RWA developments. Consequently, this has helped drive attention toward blockchain-based financial infrastructure. The stable yields tied to real-world backing remain attractive for institutional investors and traditional hedge funds.
Improved Access and Liquidity Drive Use Cases
RWAs are enabling broader access to financial instruments that were once limited to large entities. Besides democratizing access, blockchain-based RWA models improve liquidity and transparency in traditionally illiquid markets. This trend supports wider global adoption and interest from retail and institutional sectors alike.
MANTRA’s rise is partly attributed to its regulatory-focused strategy and a growing ecosystem. It is developing a full-stack RWA platform targeting tokenized real estate, institutional finance, and decentralized integrations. This approach aligns well with current market needs and investor priorities.
