89% of Tokenized RWAs Remain Idle Despite $34.6 Billion Market

The $34.6 billion tokenized real-world asset market has seen only $3.79 billion deployed in protocols, leaving about 89% of issued value idle.

BlackRock's BUIDL and Franklin Templeton's BENJI have utilization rates below 1%, while Circle's USYC stands at 0.52%

Falcon Finance chief RWA officer Artem Tolkachev said that low utilization can be misleading, as it depends on the asset's purpose.

Tolkachev separates utilization into two levels: asset level and use level, examining redemption speed, party responsible for redemptions, yield stability, and potential losses after a default at the asset level.