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| Time | Details |
|---|---|
| 2024-11-20 08:16 |
Real World Assets Gaining Traction in DeFi Market
According to Ekpono Akwaowo, the DeFi space is undergoing significant changes, with Real World Assets (RWAs) now constituting 2-3% of DeFi's Total Value Locked (TVL). This marks a substantial increase from $0.76 billion in early 2023 to $5.78 billion by November 2024. Despite an overall decline in DeFi TVL, RWAs are seen as a driving force for innovation, effectively linking traditional finance (TradFi) with decentralized finance (DeFi). This trend highlights the growing importance of RWAs in the DeFi ecosystem. (Source) |