The RWA protocol's Total Value Locked (TVL) increased by over 200% year-on-year to $7.30 billion, with government securities accounting for two-thirds of the total.

Odaily Planet Daily News: The Total Value Locked (TVL) of the RWA protocol has reached $7.30 billion, a year-on-year increase of over 200%, with Usual Protocol and Hashnote's USYC leading with TVLs of approximately $1.48 billion respectively. Hashnote is a regulated digital asset management platform that offers innovative investment strategies, while Usual Protocol is a decentralized stablecoin issuer that tokenizes RWA and reallocates value to users through governance tokens.

The composition of RWA TVL has significantly shifted towards government securities, which now account for about two-thirds of the total RWA TVL, up from 36% a year ago. Analysts believe this shift indicates a growing confidence among investors in compliant, government-supported digital assets and suggests that as the protocol focuses on traditional financial instruments, the market is maturing. (The Block)