RWA isn’t “coming.” It’s already a $16.3B+ onchain market growing faster than any other sector. TVL across top RWA protocols is up 3–5x in months while retail barely notices. Here are 10 tokens leading the rotation.🧵👇 ------------------------------------------------ 1. @OndoFinance is a tokenization platform that brings U.S. stocks and ETFs onchain, allowing global users to mint, redeem, and trade fully backed security tokens on Ethereum, with Solana and BNB Chain support coming soon. The platform has processed $930.95M in total volume across CEX, DEX, and mint/redeem activity, including $430.1M in mint/redeem volume alone. Ondo currently holds $362.18M in TVL. Daily TVL charts show steady growth from under $100M to over $360M since September, supported by recurring mint/redeem flows. Ondo supports over 100 tokenized assets. ------------------------------------------------ 2. @reserveprotocol is a permissionless platform for creating and governing asset-backed onchain currencies called DTFs. Across ETH and Base, the protocol holds $348.1M in total RToken market cap, with $354.57M in total Yield RToken TVL when including staked RSR overcollateralization. Ecosystem liquidity is supported by $500K–$1M in average weekly DEX volume, while overcollateralization values across RTokens range between $20M and $100M Altogether, Reserve Protocol maintains a large, active, and multi-chain asset-backed currency system with deep usage across its DTFs and yield products. ------------------------------------------------ 3. @plumenetwork is emerging as one of the strongest RWA-focused chains, now supporting more than 200 projects across its ecosystem. The chain has accumulated 69.6 million PLUME staked, processed 118.7 million transactions, and continues to show steady growth in both daily users and asset participation. RWA adoption is a major driver of its momentum, with 279,925 RWA holders recorded today. DeFi on Plume is also expanding rapidly, reflected in its $506.9 million DeFi TVL, which spans major protocols such as DeSyn, Pell, Mercado Bitcoin etc. ------------------------------------------------ 4. @usualmoney presents a capital-rich, highly collateralized stablecoin protocol. Usual has grown into one of the more capital-dense stablecoin ecosystems, with USD0 supply at $546.8M and USD0++ at $525.1M, all supported by a 101.11% collateralization ratio that keeps USD0 holding a 99.87% peg. Almost the entire system gravitates toward the upgraded asset, with 96.03% of all USD0 sitting in USD0++. Yields are a central part of Usual’s appeal, with USUALx delivering a compelling 13.99% APY, USD0++ offering a steady 2.96%, and the main LP pools generating a competitive 7.93% to 11.09%. ------------------------------------------------ 5. @StoboxCompany operates a multi-chain token economy that supports its broader RWA tokenization ecosystem. The project has 2,825 tokenholders and a circulating supply of 195,550,021 STBU, giving it a market cap of $1.72M at a current aggregated price of $0.008. Top holders are concentrated, including a leading Arbitrum wallet with 20M+ STBU, Ethereum’s largest at 12.4M, Polygon’s at 16.39M, and BNB’s at 4.56M. Cross-chain DEX activity has held strong, with trading volumes repeatedly climbing into the six-figure range and showing sustained market activity. ------------------------------------------------ 6. @stbl_official is showing strong growth across its ecosystem, largely driven by the new MFS 1.5 staking module, which now holds over 40 million STBL locked and counts 635 active stakers. Yields remain the main attraction, with MFS 1.5 offering a 76.96% APR and up to 115.7% APY when compounded, while the original MFS stream still delivers a solid 64.42% APR. USST participation continues to expand, with 2,651,548.40 USST in total supply and about 1 million USST staked in MFS 1.5. Holder numbers have grown to 165, supported by rising mint activity. The protocol’s metrics point to a system gaining momentum positioning STBL as one of the more active and high-yield RWA-backed stablecoin ecosystems in development. ------------------------------------------------ 7. @centrifuge is steadily growing its footprint in tokenized financial products, now supporting $1.36B in distributed asset value, up 7.36% over the past month. Ecosystem participation continues to grow as well, the CFG token trades at $0.191, with 5,874 holders and 10,084 unique address interactions on record. Centrifuge’s metrics highlight a platform with a sustained billion-dollar TVL company. ------------------------------------------------ 8. @Memento_Bc’s reserve system remains strong and diversified, with total assets valued at $52.47M across Celo and Ethereum. The reserves are heavily Celo-dominant, with 71.1% of value held on Celo and 28.9% on Ethereum. CELO is the largest component of the reserve basket, representing 49% of total value. Smaller reserve positions include WETH, cUSD, EURC, axlEUROC, and USDT. It also uses Aave-based positions. The reserves reflect a heavily collateralized, multi-chain, and multi-asset backing for Mento’s stable assets, supporting its mission to provide low-volatility digital currencies for global mobile-first users. ------------------------------------------------ 9. @maplefinance has grown into one of crypto’s strongest institutional credit networks, now supporting $1.94B in distributed asset value, up 20.31% over the past month. Activity across the protocol is surging as well: monthly transfer volume has reached $3.29B , an 86.89% increase, monthly active addresses climbed to 1,120, an +18.14% increase, and total holders rose to 3,473, a 7.56% increase. Maple continues to expand its footprint across institutional lending, private credit, and tokenized treasuries ------------------------------------------------ 10. @KAIO_xyz operates as a regulated, multi-chain RWA platform designed for institutional asset managers, and despite low activity levels, it continues to grow steadily on the asset side. The protocol currently manages $49.29M in distributed RWAs, reflecting a 3.01% increase over the past month. Across products, KAIO holds $23.55M in tokenized U.S. Treasuries and more than $24M in institutional fund vehicles. ------------------------------------------------ Lemme know your fav RWA protocol in comments!👇