The total value of tokens related to Real World Assets (RWA) on the Arbitrum network has increased by over 1000 times since the beginning of 2024. With this surge, the figure has risen from $100,000 to over $200 million currently. This remarkable market growth is attributed to the Sustainable Treasury Ecosystem Program (STEP) of the Arbitrum network, now in phase 2.0, allocating 85 million Arbitrum tokens (ARB) to support stable and profit-generating real assets. Reports indicate that the program’s strategy aims to reduce dependence on unstable crypto assets and establish a more resilient treasury. The majority of Arbitrum’s real assets are tied to US Treasury Bonds, comprising 97% of this market. Companies like Franklin Templeton and SPIKO are pioneers in this sector. Despite the significant growth, the native token of Arbitrum, ARB, has dropped by 88% from its all-time high. Furthermore, the release of 92.63 million ARB is expected to exert further downward pressure on this token. On a broader scale, the total market value of tokenized real assets on blockchains exceeds $11 billion, indicating a 2.5x growth in the past year. Ethereum continues to lead this market, with around 80% of tokenized real assets based on its platform. These changes clearly signify major strides towards integrating traditional financial markets with blockchains. Patrick Scott, a DeFi analyst, commented: Top RWA protocols are not chasing crypto narratives. They offer something that the traditional financial sector understands: yield, exposure to the dollar and gold. This is not the DeFi future; this is the financial future. Visit the real-time cryptocurrency price page to monitor the prices of all tokens and cryptocurrencies live.
