RWA Market Surges 260% to $23B in H1 2025
RWA Market Surges 260% to $23B in H1 2025
🚀 RWAs Just Did Something Wild
The tokenized Real World Assets (RWA) market experienced significant growth in the first half of 2025, expanding from $8.6B to $23B. Key developments include:
- Integration of interest rate derivatives markets similar to Pendle
- Enhanced DeFi protocol integrations
- New sources of reliable on-chain yield
The market evolution enables trading of yield components from fixed-rate tokenized assets, creating new hedging opportunities and liquidity venues. Binance Research highlights Centrifuge's role in this transformation.
Learn more in the comprehensive report by RedStone, Gauntlet, and RWA.xyz
"Interest rate derivatives markets for RWAs—essentially “Pendle for RWAs”—would enable participants to trade yield components of fixed-rate tokenized assets, providing hedging mechanisms and additional liquidity venues." Curious how DeFi integrations (featuring yours truly!) are
Crypto's second fastest growing vertical. One of the few asset classes to grow during recent global turmoil. Today, Real-World Assets are worth over $24B. Tomorrow, they could be worth trillions. Introducing the Real-World Asset Report by RedStone, @gauntlet_xyz, and @RWA_xyz.
New Aave x FalconStable Pools Launch on Pendle
Pendle introduces two new pools with Aave and FalconStable integration: - **USDf Pool (29 Jan 2026)** - Non-yield bearing version of sUSDf - 60x Falcon Miles for YT and Pendle LP - **Yearn aGHO-USDf Pool (29 Jan 2026)** - Combines aGHO and USDf on Balancer - Benefits include: - aGHO supply APY - Balancer swap fees - BAL rewards - 60x Falcon Miles multiplier *Watch for upcoming Aave bribes on StakeDAO, Penpie, and Equilibria* [Trade USDf Pool](https://app.pendle.finance/trade/pools/0xc65b7a0f8fc97e1d548860d866f4304e039ef016/zap/in?chain=ethereum) [Trade Yearn Pool](https://app.pendle.finance/trade/pools/0x51026ab8b54767e67f7f5543c86bf718cf00cb4c/zap/in?chain=ethereum)
Pendle LP Collateral Markets on Morpho Reach Full Utilization
Pendle LP collateral markets on Morpho have achieved significant adoption, with all markets reaching 90% utilization or hitting their 100% minting caps. The total value of Pendle-powered collateral on Morpho has reached approximately $517M, combining both Principal Tokens (PTs) and LP positions. Available LP collateral markets include: - sUSDe (25 Sep 2025) - sUSDe (31 Jul 2025) - eUSDe (14 Aug 2025) K3 Capital's USDT lending vault is now live on Morpho, enabling users to earn yield by providing liquidity to service Pendle LP and PT collateral demand. [Learn more about Pendle on Morpho](https://morpho.org)
Pendle Principal Tokens Gain Traction as DeFi Collateral
Pendle Principal Tokens (PTs) have established themselves as a significant asset class in DeFi, particularly as collateral for lending. Major platforms including Aave, Morpho Labs, and Euler Finance have integrated PT support. Key developments: - PTs now represent ~$1.2B in total value - Account for 3.3% of total collateral across EVM chains - Best performance seen in PTs backed by stable yields like staking rewards The growth demonstrates PTs' effectiveness in bootstrapping utility and deepening liquidity for DeFi protocols. @chaos_labs analysis validates their potential as reliable collateral assets.