Even with the continued slump in the cryptocurrency market, tokenized funds are still growing.
Their market capitalization has reached $17.1 billion, from almost nothing at the beginning of 2023. Growth accelerated in mid-2024 and never stopped even when Bitcoin fell by 46%.
Leaders
- BUIDL $1.8 billion (@BlackRock)
- USYC $1.7 billion (@circle)
- syrupUSDC $1.7 billion (@maplefinance)
- USTB $1 billion (@SuperstateInc)
The emergence of @BlackRock, @FTI_Global, and Janus Henderson is a signal in itself. They are not chasing volatility, but building infrastructure.
24/7 settlement. Composable collateral. Less operational friction. Their value proposition is market-independent.
US money market funds total $7.8 trillion. In comparison, the $17.1 billion tokenized fund size remains insignificant. This is where its growth potential lies.
Source: @tokenterminal
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Token Terminal
02-20 21:24
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Top 10 Fastest Growing RWA Deployments:
1. PYUSD on @arbitrum
2. syrupUSDC on @base
3. USDY on @StellarOrg
4. CRCLon on @ethereum
5. jupUSD on @solana
6. USD1 on Solana
7. wstUSR on @BNBCHAIN
8. COINon on BNB Chain
9. ONDSon on BNB Chain
10. BUIDL on Solana
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Token Terminal
02-20 04:35
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Top 10 Fastest Growing RWA Deployments:
1. PYUSD on @arbitrum
2. syrupUSDC on @base
3. USDY on @StellarOrg
4. CRCLon on @ethereum
5. jupUSD on @solana
6. USD1 on Solana
7. wstUSR on @BNBCHAIN
8. COINon on BNB Chain
9. ONDSon on BNB Chain
10. BUIDL on Solana
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Token Terminal
02-19 05:39
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🌎🦋 RWA collateral on the @Morpho platform has surpassed $400 million, a 40-fold increase year-over-year.
This market has grown from zero to $400 million in less than 12 months.
The following charts are for your reference 👇
Collection Exposure:
💳 Private Placement Credit:
syrupUSDC, syrupUSDT @maplefinance
AA_FalconXUSDC @paretocredit
PT-USDai-19FEB2026*, PT-sUSDai-19FEB2026*, sUSDai @USDai_Official
mF-ONE @MidasRWA
🛡️ Insurance:
PT-reUSD-25JUN2026*, reUSD @re
🪙 Commodities:
XAUt @tether
PAXG @Paxos
🏦 Treasury Bonds:
thBILL, PT-thBILL-19FEB2026* @Theo_Network
EUTBL @Spiko_finance
⚖️ Market Neutral:
USCC @SuperstateInc
*Approved @pendle_fi
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吴说区块链
02-17 11:48
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According to KOL Emperpor, citing data from Token Terminal, DeFi blue-chip protocols still have their own moats. Maple Finance's syrupUSDC has exceeded $1.6 billion, setting a new record; Aave has $23 billion in active loans, with approximately 62% of its market share coming from RWA lenders; Pendle's monthly active users grew by 44% quarter-on-quarter; and Uniswap remained strong despite the market downturn, with trading volume reaching approximately $243 billion in the past quarter.
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Token Terminal
02-13 23:03
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ICYMI: SyrupUSDC adoption is rising on @ethereum, @solana, @arbitrum, and @base.
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Token Terminal
02-13 06:47
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ICYMI: SyrupUSDC adoption is rising on @ethereum, @solana, @arbitrum, and @base.
Source:
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Token Terminal
02-12 05:18
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ICYMI: @maplefinance's syrupUSDC is the second-largest tokenized fund by market capitalization, at $1.7 billion.
It's also the fastest-growing, with its market capitalization increasing by 18.8% in the past month.
See the image below 👇
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Token Terminal
02-08 18:21
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Maple has scaled syrupUSDC on Base by integrating with Aave.
Since January 22nd, syrupUSDC deposits on Aave Base have surged from $5.9 million to $230 million, a 39-fold increase in just a few days. This demonstrates the power of decentralized finance.
Aave E mode transforms yield stablecoins into instant lending capabilities. Users can borrow USDC or GHO at up to approximately 90% loan-to-value (LTV) ratios, with revolving credit.
Maple did not create its own liquidity but instead leveraged Aave's existing infrastructure: approximately $398 million in USDC and approximately $8 million in GHO available for lending.
Issuer + Yield Stablecoin + Aave Liquidity = On-Chain Scalability.
@aave enables yield stablecoins to be massively converted into credit.
Source: @tokenterminal
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Stani^
01-29 23:34
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On @aave's base instance, the initial 50 million token cap for syrupUSDC has sold out.
Maple continues to scale by supporting DeFi strategies.