Usual and Hashnote lead the expansion of RWA, with weekly TVL rising by 65.65% and 65.58% respectively.

In the past three years, the real world asset (RWA) industry has experienced a rapid rise, soaring to 58 times the previous valuation.

The latest data from DeFiLlama shows that its Total Locked Value (TVL) has reached an all-time high of $8.217 billion, rising by $1 billion in just the past seven days.

Key participants driving the rise:

Stablecoin issuers like Usual and decentralized finance (DeFi) investment management platform Hashnote are at the forefront of this explosive rise.

According to the data from DeFiLlama, the weekly rise rate of Hashnote is 65.58%, while the rise rate of Usual is slightly higher at 65.65%. The TVL of the former is $1.497 billion, while the TVL of the latter has risen to $1.445 billion.

Within 30 days, the index of Usual has risen by 230%, while the index of Hashnote has remained at 217%. Together, they contributed over 35% of the locked asset value in the RWA field.

Recently, the price of its governance token has reached a new all-time high. Earlier, there was news that hackers infiltrated Vivek Ramaswamy's X account, the joint head of the Department of Government Efficiency (D.O.G.E.), and used the account to promote false cooperation between the U.S. government and stablecoin projects.

In addition to the top two, platforms such as Nest Staking, MatrixDock, Franklin Templeton, and Ethena have also seen green candles. Nest Staking had a weekly gain of more than 58%, with a total value of $66.24 million locked up.

On the other hand, MatrixDock, which runs on both chains, rose by 48.18%, while Ethena rose slightly by 12.38%.

Other items suffered losses:-

Danogo suffered the biggest loss within seven days, with its TVL of $4 million decreasing by more than 15% from a week ago.

In projects with higher upper limits, the locked value of Solv has dropped the most, falling by more than 10% to $712.81 million. However, within 30 days, Maker RWA experienced the largest decline, with a negative change of 65%, and the value of its custodied assets dropped to $290.7 million.

The surge in RWA tokenization may herald a transformation in the management, trading, and accessibility of traditional assets. Recently, several participants in the Argentine lithium mining industry announced plans to tokenize this potential trillion-dollar industry with the help of Cardano. Financial giants including BlackRock are also helping to legitimize the sector through their BUIDL program.