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iIs RWA a buzzword or has real value in Blockchain's future?
The cryptocurrency market is currently abuzz with three important concepts: AI, RWA, and DePIN. Of these, RWA is being used the most, as tokenization is a fundamental application of blockchain technology, which was initially developed to address the issue of double spending and facilitate online value transfer and trading.
At present, the total value locked (TVL) in RWA crypto projects https://botsfolio.com/crypto-portfolios/RWA s around $6 billion, a significant increase from just $140 million in 2022 (TVL source Defilama https://defillama.com/protocols/RWA). Though, the market performance of RWA tokens hasn't kept pace with that of Bitcoin.
#cryptocurrency
The cryptocurrency market is currently abuzz with three important concepts: AI, RWA, and DePIN. Of these, RWA is being used the most, as tokenization is a fundamental application of blockchain technology, which was initially developed to address the issue of double spending and facilitate online value transfer and trading.
At present, the total value locked (TVL) in RWA crypto projects https://botsfolio.com/crypto-portfolios/RWA s around $6 billion, a significant increase from just $140 million in 2022 (TVL source Defilama https://defillama.com/protocols/RWA). Though, the market performance of RWA tokens hasn't kept pace with that of Bitcoin.
#cryptocurrency
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