RWA market by asset class, as of 7/16/26.
US Treasury Debt dominates at $15.5B (45.6%) - nearly half of all onchain RWA value sits in a single category.
Commodities follow a distant second at $4.5B (13.1%).
Everything else is fragmented: Asset-Backed Credit $2.3B (6.9%), Specialty Finance $2.0B (5.8%), Stocks $1.8B (5.3%), Corporate Credit $1.8B (5.2%), Active Strategies $1.7B (4.9%), non-US Government Debt $1.4B (4.0%), Private Equity $1.1B (3.1%), Venture Capital $1.0B (3.0%), Diversified Credit $850.9M (2.5%), Real Estate $202.6M (0.6%).
Total onchain RWA value: $34.1B.
Source @RWA_xyz
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