Real Estate Sector Proceeds with Growth, Propelled Primarily by Typical Financial Backers, Hashnote, and Ondo
In the dynamic world of decentralized finance (DeFi), August 2025 has seen a significant surge in the Real-World Asset (RWA) sector. Three projects, in particular, have stood out for their impressive growth in Total Value Locked (TVL) over the past month: Centrifuge, TrueFi, and Goldfinch.
Centrifuge, with a focus on bringing real-world invoices and assets into DeFi as collateral, has enabled small and mid-sized businesses to access affordable capital. The project's token, CFG, has shown substantial growth recently, with its price climbing past key resistance and maintaining strong support levels.
TrueFi, known for its decentralized credit infrastructure allowing uncollateralized loans based on on-chain creditworthiness, has gained traction due to its institutional backing. Its role in RWA lending makes it a crucial player in this growing sector.
Goldfinch provides decentralized lending protocols backed by real-world loans, with a focus on uncollateralized credit in emerging markets. The project has gained traction through its transparent and scalable financial products.
These RWA-specific protocols are supported by foundational infrastructure from larger blockchain ecosystems. Avalanche, Chainlink, and Solana have all contributed to RWA adoption and DeFi growth. Avalanche enables asset tokenization and institutional DeFi via customizable subnets and developer-focused infrastructure. Chainlink provides crucial oracle services, securely connecting blockchains with accurate real-world data, enhancing DeFi's automation and settlement of real-world assets. Solana, recognized for scalability and speed improvements, supports broader DeFi and NFT ecosystems that can integrate RWA functionalities.
In addition to these leading RWA projects, Usual Money, Hashnote, and Ondo Finance continue to increase their TVL. As of September 4, the total value locked in the RWA sector stood at $6.6 billion. Usual Money, the best monthly performer among all RWA protocols, gained over 50% over the past month, reaching a record TVL of $222.5 million on that day.
Powered by a multi-chain infrastructure, Usual aggregates RWAs from leading protocols such as BlackRock BUIDL, Ondo, Mountain Protocol, and Hashnote to back its native permissionless stablecoin, USD0. Hashnote surpassed $250 million in TVL on September 3, a significant increase from less than $50 million at the end of May. Ondo, the largest multi-chain RWA project, has USDY making up over 55% of its TVL, with USDY and OUSG remaining its two most popular products, both exposed to short-term US Treasury Bills.
The RWA sector in DeFi has gained traction over the last two months, with these projects forming the backbone of current growth. As we move forward, it will be interesting to see how these projects continue to shape the future of DeFi and the integration of real-world assets.
- The best performer among all Real-World Asset (RWA) protocols in August 2025, Usual Money, powered by a multi-chain infrastructure, has witnessed a substantial growth, reaching a record Total Value Locked (TVL) of $222.5 million on September 4.
- Hashnote, another notable player in the RWA sector, surpassed $250 million in TVL on September 3, demonstrating impressive growth since it was less than $50 million at the end of May.
