Sensational hoaxes are circulating Algorand and RWA market.
According to the hoax, Algorand currently holds 70% of the total RWA market.
The strange thing is that the website rwa.xyz However, although it is cited as a source, it does not display any 70% figures on top of that.
Algorand’s share in the RWA market
RWA. , in fact, it publishes the charts it shows. Total RWA value per chain.
First of all, of course Ethereumand More than 50% of the total amount.
Furthermore, the overall value of RWA on Chain It turns out to be $13.1 billionof which 7.5 Ethereum, while the Algorand bull mistakenly claims that its overall value will be just $268 million.
Therefore, hoaxes can arise from misunderstanding. This can result from the fact that instead of examining the entire sector of on-chain RWA, only a small portion can be looked up.
The misconception is revealed when the correct figures of $13.1 billion are also reported within the hoax at a certain point, so that’s simply a mistake.
True Share of Algorand Approximately $264 million It’s only over 2%.
However, it is not clear which subset was used as a reference to calculate 70%. The serious error is precisely in not reporting it.
RWA Market
RWAA real-world asset token.
It’s essentially about Tokenize existing off-chain assetsso that tokens can be brought on-chain.
It is no coincidence that over 50% of RWA tokens were issued in Ethereum by market value. Bitcoinand those with the most activity in smart contracts.
When it comes to daily trading, Solana is currently the leader, but it should be noted that Mimecoin runs mainly in Solana, whereas it runs mainly in Ethereum.
In fact, Solana has been found to be just fifth among the chains with the highest overall value of RWA, exceeding just $400 million.
The second chain in this ranking is The zksync eraitself is still Layer 2 of Ethereum. It has over 15% of the RWAS on-chain values from the ZKSYNC era, and combined with 57% of Ethereum’s Layer-1, it is over 70%.
So it’s not Algorand that has 70% of the RWA market, but Ethereum as is obvious.
The first alternative layer-1 is APTOS alternative layer 1, barely exceeding 4%.
Tokenized Stock
Always go to rwa.xyz and analyze individual sectors RWA Marketyou discover who controls.
This is related to the sector Tokenized Stockthe chain totals only $392 million, with $264 million in particular in Algorand.
Therefore, Algorand holds about 67% of the market market for tokenized stocks in terms of overall market value, but this market is less than 3% of the total RWA market.
The largest market is private credit, a $14 billion market, which does not count towards overall on-chain value. In fact, these are not true chain off-chain assets brought tokenized and on-chain, but loans issued directly without off-chain counterparts are issued directly in the chain.
So it is about actual on-chain assets, not tokenized off-chain assets.
Within the on-chain RWA, the dominant market is the market for tokenized US government bonds of more than half of the total total of $13.1 billion (7.3).
The majority of tokenized bonds are in Ethereum, dominating this market by more than 75% of its total, with second place in the star and third much behind.
It should also be noted that Algorand’s control in the tokenized equity sector is due to the only securitization protocol in which Algorand’s $264 million tokenized shares have been issued.
The impact of RWA on the crypto market
For a while, the RWA market will be The next bull run code.
However, with the exception of on-chain loans, it must be said that current tokenized assets still constitute only a small portion of on-chain assets.
Defi’s overall tvl is $115 billioncompared to the $13.1 billion on-chain tokenized RWA. However, although the RWA market is growing rapidly, for example, as it doubles since the beginning of the year, it seems it has yet to reach a size that can make a difference in the entire crypto market.
