Real-world asset (RWA) tokens demonstrated notable resilience, maintaining a bullish trajectory despite the broader cryptocurrency market’s challenges. Over the past 24 hours, tokens such as $QNT and $OM have recorded gains of over 5%, even as trading volume for RWAs decreased by 14.84%.
Image showing the market data of the major RWA tokens Source: CoinmarketCap
This positive momentum sets RWA tokens apart from Layer-1 and other leading DeFi tokens, which have struggled to show consistent market performance.
The strong performance of RWA tokens
In the last seven days, RWA tokens have experienced significant upward movement. Despite a 14.48% decline in overall trading volume, the major RWA tokens consistently posted gains. $QNT led this surge with a 26.82% increase over the past week, reaching a price of $75.74 after a 5.23% gain in the last 24 hours. Similarly, $OM saw a 5.06% rise in the past 24 hours, bringing its price to $1.12. Over the week, $OM achieved a 22.34% increase, ranking second among RWA tokens during the same period.
Other major RWA tokens also posted notable gains. $ONDO, $AVAX, $SNX, $LINK, and $VET saw increases of 10.77%, 10.23%, 9.99%, 9.10%, and 8.85%, respectively, over the last seven days. While most of these tokens showed marginal gains in the past 24 hours, $MKR, $ONDO, and $SNX faced minor declines, each recording less than a 1% drop. Notably, $MKR was the only major RWA token to decrease by 0.04% slightly over the week.
Layer-1 tokens and DeFi struggles
While RWA tokens maintained upward momentum, Layer-1 tokens such as Bitcoin, Ethereum, and Solana faced challenges. Over the past seven days, these tokens struggled to achieve significant price changes, with Bitcoin and Solana gaining only 3.7% and 3.08%, respectively. On the other hand, Ethereum recorded a slight decrease of 0.32%. In the last 24 hours, Bitcoin managed a minimal gain of 0.01%, while Solana and Ethereum saw declines of 0.57% and 0.01%, respectively.
Top DeFi tokens also experienced mixed performances. While some tokens managed to sustain their gains over the past week, others faced declines. Dai, Uniswap, Stacks, Aave, and Injective recorded gains of 0.01%, 10.27%, 15%, 12.8%, and 13.55% over the last seven days. However, in the past 24 hours, only Dai and Uniswap recorded positive price changes of 0.02% and 1.65%, respectively.
Meanwhile, Stacks, Aave, and Injective saw declines of 2.11%, 5.07%, and 1.13%, respectively. As RWA tokens continue to demonstrate strength, the broader market remains under pressure, particularly Layer-1 and DeFi tokens. The sustained gains in RWA tokens indicate a shift in investor sentiment towards real-world assets, even as other segments of the cryptocurrency market struggle to find consistent upward momentum.