RWA Deposits Surge to $7.4B Amid DeFi Slump

RWA deposits across lending platforms and decentralized exchanges reached $7.4 billion in Q2 2026, more than tripling from $2.3 billion a year earlier.

The growth was driven by tokenized asset spot volumes, which rose 220% year-over-year, while aggregate decentralized exchange volume fell roughly 70%. Tokenized gold products XAUt and PAXG generated much of the activity as traders responded to movements in bullion prices.

Nearly 70% of RWA deposits sat on Ethereum lending venues, reinforcing its established liquidity advantage. TradeXYZ's RWA perpetual volume increased about twentyfold since launch, while open interest continued growing steadily.