The crypto market had a rollercoaster week. Bitcoin saw wild swings, altcoins got crushed, and fear gripped investors. Yet, in the middle of all this chaos, the Real World Asset (RWA) sector showed surprising resilience.
Bitcoin’s Wild Ride, Altcoins Suffer
Bitcoin dipped below $92,000 before bouncing back to around $98,000. Its dominance soared to 60.2%, the highest since March 2021. Altcoins didn’t fare well—most plummeted over 15%, with some losing more than 25%. The crypto fear index hit 38, its lowest in three months.
RWA Sector Holds Strong
While most sectors bled, the RWA market cap only dropped by $7.3 billion to $61.5 billion. Nine out of the top 10 RWA tokens saw red, but exceptions like MANTRA (OM) and ONDO stood out. MANTRA surged 26.6%, even touching an all-time high. ONDO wasn’t far behind, with a 15.2% jump in total value locked (TVL), adding $86 million.
Winners and Losers
Chintai (CHEX) led the pack with a 51.9% gain, followed by Clearpool (CPOOL) up 9.4%, Polyhedra Network (ZKJ) rising 7.9%, and Plume (PLUME) gaining 2.1%. On the flip side, PinLink (PIN) lost 29.7%, Reserve Rights (RSR) dropped 27.9%, and TrueFi (TRU) fell 27.5%.
Key Developments Fuel Growth
Big news boosted the sector. Ondo Finance launched a tokenization platform for real-world assets, merging traditional finance with blockchain. R3 and Chintai unveiled a $795 million ESG fund, focusing on sustainable investments. Ozean and Tiamonds teamed up to tokenize diamonds for DeFi, while Bouncebit partnered with Hashnote Labs to bridge CeFi and real-world assets.
The Takeaway
Despite the market slump, the RWA sector showed grit. MANTRA and ONDO proved that growth is possible even in tough times. As traditional finance and blockchain continue to merge, the future of RWAs looks bright, no matter the market conditions.
