On-chain real-world asset AUM has reached $34 billion, but only around 11.3% is actively deployed across DeFi. That leaves roughly 89% of RWA capital outside active DeFi use.
Why it matters
The gap highlights the difference between tokenizing an asset and putting that capital to work on-chain. RWA adoption is growing, but the current figures show that DeFi has captured only a limited share of the available capital base.
Capital is also concentrated in a narrow set of use cases. Private Credit accounts for roughly 58% of total RWA DeFi TVL, while the four largest categories together represent nearly 95%.
Market impact
The data points to a two-part market opportunity: expand the amount of RWA capital deployed in DeFi and broaden the categories attracting that liquidity. Greater diversification would make on-chain capital markets less dependent on private credit and a small group of dominant segments.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJQi2qtQNIxe3DgqnYC_Hilwo0hmvTHAAJAI2sbLS5pSbnXUSQtH_1JAQADAgADeQADPQQ)
Frequently asked questions
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How much on-chain RWA capital is actively deployed in DeFi?
Around 11.3% of the $34 billion in on-chain RWA AUM is actively deployed across DeFi.
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What does the 89% figure indicate about RWA adoption?
It shows that tokenized real-world assets have reached scale, but most RWA capital is not yet being used actively in DeFi.
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Which RWA category dominates DeFi activity?
Private Credit accounts for roughly 58% of total RWA DeFi TVL, making it the dominant category in the active capital base.
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How concentrated is RWA DeFi capital?
The four largest RWA categories together represent nearly 95% of RWA DeFi TVL.
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What is the main growth challenge for RWA DeFi?
The sector needs to move more RWA capital into DeFi while broadening the categories that attract liquidity beyond private credit and other dominant segments.
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