RWA Cap Surges Over 550% as DeFi TVL Drops 54%
Tokenized assets are moving from a niche segment toward a major on-chain liquidity role even as DeFi remains under pressure.
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Tokenized assets are moving from a niche segment toward a major on-chain liquidity role even as DeFi remains under pressure.
A ranked snapshot of the top stablecoins by circulating supply, with USDT holding the dominant share despite tighter competition from USDC, Ethena's USDe, and bank-issued tokens.
The June retreat alone was $7.7B, the largest dollar contraction since the May 2022 collapse, yet it sits at a 3% drawdown versus 2022's 26% wipeout.
Falling stablecoin supply means less dollar collateral available to recycle through crypto markets, the read that historically precedes sharper moves on both sides.