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Top 10 RWA Cryptocurrencies to Watch in July

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  • Ondo is the largest coin in the real-world assets (RWA) sector, currently priced at around $1 and with a market cap of $1.4 billion. It debuted in January and hit an all-time high of nearly $1.50 in June.
  • This niche market recently fell from around $9 billion to around $6 billion due to the overall cryptocurrency market correction.

ONDO

Real World Assets (RWAs) have become increasingly popular in the past few months. RWAs represent physical objects or assets and operate on the blockchain via smart contracts. Earlier this year, the market cap of this niche approached $9 billion. However, following the latest stock market crash, it recently fell to around $6 billion. Fixes of the entire cryptocurrency market.

Ondo (ONDO) is the largest RWA coin, priced at around $1 and with a market cap of $1.4 billion (data from CoinGecko). it is Governance token of New York-based cryptocurrency company Ondo Financewhich It focuses on tokenization (recording assets such as bonds and Treasury bills on the blockchain).

Ondo Seeing the light of day In January of this yearHitting It hit an all-time high of about $1.50 in early June. It will be interesting to see if it can reach new highs in the coming weeks, or if the market sell-off continues to keep its valuation in check.

Mantra (OM)

It is the second largest RWA cryptocurrency with a market cap of over $700 million. It was launched in August 2020.reach The highest price last month was $1.09.

OM has seen an astounding 3,000% gain over the year and is one of the few cryptocurrencies in the top 100 list to have recorded gains over the past week.

The mantra is Layer 1 Blockchain Network Build a bridge It enables TradFi and DeFi by providing the infrastructure needed to tokenize real-world assets.

PENDLE

Pendle Finance is a blockchain protocol that provides decentralized finance services with an emphasis on fixed yields and tokenization of yields. It is designed to work with a variety of blockchains and incorporates automated market making for efficient trading.

Its all-time high crossed the $7 mark in April this year, but it is currently trading at around $3.80, making it one of the assets most affected by the violent market crash.

Chromia (CHR)

Chromia (CHR) is a blockchain platform and cryptocurrency developed by the Chromia Team.For the purpose of providing A scalable, decentralized infrastructure for developing decentralized applications (dApps) and games.

The company’s price bucked the negative market trend and rose 8% per day to surpass the $0.26 level. The increase coincided with the news that Chromia had joined the AWS Partner Network.

“This will connect Chromia’s infrastructure to AWS Marketplace, making it accessible to millions of customers. both Public and enterprise solutions. A big achievement for us,” the team said. stated About X.

In addition, the developer Revealed Platform MVP Mainnet It will be officially released on July 16th.

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