# RWA Related Articles

HTX News Center provides the latest articles and in-depth analysis on "RWA", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

After the Great NFT Collapse: Speculation is Dead, Utility Reigns?

The NFT market has experienced a dramatic collapse, marked by the cancellation of NFT Paris 2025 due to severe financial strain. Over five years, NFTs transitioned from a speculative frenzy—epitomized by Beeple’s $69.3 million sale—to a period of severe contraction. Data reveals a 35% increase in supply in 2025, while sales plummeted by 37%, and the total market capitalization fell 86% from its 2022 peak. Average sale prices dropped to $96, down 75% from the bull market highs. Even blue-chip projects like CryptoPunks and Bored Ape Yacht Club saw floor prices crash by over 78%. Major platforms struggled: OpenSea’s monthly revenue fell from up to $120 million to under $1 million, prompting a pivot to a broader “Trade Everything” model. Blur and Magic Eden saw token prices drop over 98%, while older platforms like X2Y2 shut down entirely. Amid the downturn, Pudgy Penguins emerged as a success story by leveraging its IP into physical consumer goods, generating an estimated $50 million annually through retail partnerships and brand campaigns—avoiding crypto terminology to appeal to mainstream audiences. Similarly, Yuga Labs transferred CryptoPunks to a non-profit to focus on cultural preservation rather than speculation. NFTs are increasingly functioning as utility tools: Courtyard.io tokenizes physical Pokémon cards, facilitating over $12.7 million in sales in a month, while FIFA uses NFTs for World Cup ticket verification to combat scalping. The speculative NFT era is over, but the technology persists as a functional layer for ownership, authentication, and real-world asset tokenization—shifting from a speculative asset to a practical tool.

marsbit01/06 10:30

After the Great NFT Collapse: Speculation is Dead, Utility Reigns?

marsbit01/06 10:30

RWA Weekly Report|Non-US Government Debt Rises by 18.8%; Yield-Bearing Stablecoins Generate Over $250 Million in Returns in 2025 (12.30-1.6)

RWA Weekly Report: Non-US Government Debt Surges 18.8%; Yield-Bearing Stablecoins Generate Over $250M in Returns (Dec 30 - Jan 6) The on-chain total value of Real World Assets (RWA) continued its upward trend, increasing by 2.83% to $19.59 billion. The broader RWA market saw a slight contraction, falling 0.26% to $401.53 billion. User activity grew significantly, with the number of asset holders rising 3.82% to 604,909. Stablecoin holders also increased by 2.54% to 217.94 million, though the total stablecoin market cap dipped slightly by 0.2%. In terms of asset structure, US Treasuries remained dominant at $8.7 billion. A notable standout was non-US government debt, which surged 18.8% to $772.1 million. Public equity also grew by 7.6% to $775.4 million. In contrast, private credit was the only sector to see a significant decline, decreasing by $200 million to $2.3 billion. Key developments included Ethereum stablecoin transfer volume exceeding $8 trillion in Q4, a new record. Yield-bearing stablecoins generated over $250 million in returns in 2025, with sUSDe, BUIDL, and sUSDS being major contributors. Tether invested in the cross-border QR code payment platform SQRIL. Standard Chartered and Ant International launched a commercial blockchain-based tokenized deposit solution in Hong Kong and Singapore. The report also highlighted growing institutional engagement, with PwC increasing its focus on crypto and BlackRock noting that stablecoins are becoming a bridge between traditional finance and digital liquidity, potentially challenging government control over fiat currencies. Despite predictions of a potential "crypto winter" in 2026 by some analysts, the underlying trends of institutionalization and on-chain transformation, particularly in RWA tokenization, are expected to continue advancing.

Odaily星球日报01/06 09:59

RWA Weekly Report|Non-US Government Debt Rises by 18.8%; Yield-Bearing Stablecoins Generate Over $250 Million in Returns in 2025 (12.30-1.6)

Odaily星球日报01/06 09:59

From a $270 Billion Peak to a Flash Crash: DeFi Ventures into the Deep Waters of Financial Infrastructure

DeFi in 2025 experienced a dramatic rollercoaster, with Total Value Locked (TVL) surging to a historic peak of $277.6 billion before a sharp "10/11 Flash Crash" wiped out gains, ending the year with only a 3.86% increase to $189.35 billion. Despite volatility, key sectors evolved significantly: - **Staking** matured, with Ethereum securing over 30% of its supply, while Lido’s dominance declined to 24%. Restaking protocols like EigenCloud (TVL peak: $22B) and Ether.fi grew rapidly. - **Lending** hit a record $1.25T TVL, with Aave leading (>50% share). Shift from CDP (e.g., Maker) to money market protocols accelerated. - **DEXs** gained traction, capturing 21.71% of spot trades vs. CEXs at peak. Uniswap remained dominant, while Solana DEXs like HumidiFi challenged with low-fee models. - **Perp DEXs** like Hyperliquid ($3.55T volume) saw explosive growth, though competition intensified from Aster and Lighter. - **RWA** expanded, with tokenized assets exceeding $20B. BlackRock’s BUIDL fund grew to $1.75B, and tokenized commodities surged. - **Stablecoins** faced regulatory shifts (e.g., MiCA, GENIUS Act), with USDT and USDC leading. Yield-bearing stablecoins like Ethena’s USDe rose but later crashed, exposing systemic risks. The year highlighted DeFi’s growth into global financial infrastructure, alongside vulnerabilities in leverage and governance.

marsbit01/06 03:16

From a $270 Billion Peak to a Flash Crash: DeFi Ventures into the Deep Waters of Financial Infrastructure

marsbit01/06 03:16

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