Real Estate Sector Persists Growth, Chiefly propelled by Traditional Investors such as Usual Money, Hashnote, and Ondo
In the rapidly evolving world of decentralized finance (DeFi), three projects - Usual Money, Hashnote, and Ondo Finance - are making significant strides, particularly in the Real-World Asset (RWA) sector. However, it's important to note that current documented TVL data for these projects are not available from the sources we've consulted. For the most accurate and up-to-date figures, we recommend consulting DeFi analytics platforms like DeFiLlama or protocol-specific dashboards directly.
Usual Money, a decentralized fiat-backed stablecoin issuer, is making waves by redistributing ownership and value through its native USUAL token. Powered by a multi-chain infrastructure, Usual Money aggregates RWAs from leading protocols such as BlackRock BUIDL, Ondo, Mountain Protocol, and Hashnote to back its permissionless stablecoin, USD0. In the past month, Usual Money has been the best monthly performer among all RWA protocols, gaining over 50%.
Ondo Finance, known as an RWA and fixed income DeFi protocol, has been garnering attention. This month, Ondo reached a new TVL record of $603 million, surpassing its previous record of $350 million at the end of April. Ondo's two most popular products, USDY and OUSG, both exposed to short-term US Treasury Bills, are driving this growth. USDY makes up over 55% of Ondo's TVL.
Hashnote, another RWA project, has seen impressive growth as well. At the end of May, Hashnote had less than $50 million in TVL. However, by September 3, Hashnote surpassed $250 million in TVL, marking a significant increase from the reported surge of over 280% within three months to reach $177 million in early August.
The RWA sector in DeFi has gained traction over the last two months after a consolidation period. This growth can be attributed to various factors, including market conditions and investor sentiment. As such, it's crucial to monitor Ondo's TVL growth for potential investment opportunities. Ondo's consistent expansion of market presence positions it as the largest multi-chain RWA project, with its TVL composition potentially subject to change as the market evolves.
In summary, while exact TVL figures for Usual Money, Hashnote, and Ondo Finance in the DeFi RWA sector are not readily available, these projects are making notable strides in the industry. Their growth and popularity, particularly Ondo's, suggest a promising future for RWA projects in DeFi.
Best in finance news, Usual Money has emerged as the top performer among RWA protocols, gaining over 50% in the past month. On the other hand, Ondo Finance, a prominent RWA and fixed income DeFi project, recently achieved a new TVL record of $603 million, making it the largest multi-chain RWA project in the industry.
