Tokenized Assets Reach $32 Billion But Most Remain Idle

The tokenized real-world assets (RWA) market has reached an all-time high of $32 billion, but most of these assets are idle and not being utilized in DeFi activities.

Nearly 90% of on-chain RWA sits dormant, with only about 10% actively participating in lending or trading. This 'scissor gap' between scale and utilization raises questions about the future of RWA.

Securitize, a leading issuer of tokenized assets, has $4.9 billion worth of assets on-chain but its DeFi utilization rate is only 0.7%. Ondo Finance has a similar issue with a 2.7% utilization rate despite managing nearly $3.5 billion in assets.

Maple Finance, however, stands out as an exception, with a high DeFi utilization rate of 62% due to its focus on asset application rather than issuance.