RWAs were the eighth-largest DeFi sub-sector at the time of publication, with a total value locked (TVL) of $1.46 billion.
Source: DeFiLlama
As evident from the above graph, RWAs exploded in the third quarter of 2023. From a TVL of just $316 million at the end of Q2, the sector has more than quadrupled as of press time. On a year-to-date basis, this equated to a colossal 1100% growth, an astonishing feat for a market which, arguably, was still in its early stages of development.
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