RWA

Ethereum’s total value locked remains elevated despite the latest market pullback, with onchain capital consolidating around core protocols. TVL on Ethereum is about $68.6 billion, while aggregate DeFi TVL stands near $182 billion. A 2026 outlook from Joseph Chalom foresees a potential 10x increase driven by stablecoins and tokenized RWAs.

On December 29, 2025, DefiLlama data showed real‑world asset protocols overtook decentralized exchanges to become the fifth‑largest DeFi TVL category, behind lending, liquid staking, bridging, and restaking. RWA TVL is about $17 billion, up from $12 billion in Q4 2024, with growth tied to tokenized Treasurys, private credit, and a 2025 rally in gold and silver.

Canton (CC) rallied strongly over the past week and in the last 24 hours. A range breakout aligned with rising momentum indicators, while a DTCC partnership on asset tokenization boosted confidence. On-chain activity also spiked, with active addresses and transactions surging on the network.

BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has reached $100 million in cumulative onchain dividend payouts, announced Monday by its issuer Securitize. Launched in March 2024 on Ethereum, BUIDL invests in short‑term U.S. dollar assets and has expanded to six additional blockchains, with assets peaking above $2.8 billion in October.

BlockBeats News reported that on December 29th Real World Assets reached $17 billion in TVL, moving ahead of decentralized exchanges to become DeFi's fifth-largest sector. The advance was linked to demand for tokenized U.S. Treasuries and private credit, while Ethereum remained the primary chain supporting RWA activity.

Chainlink's LINK token climbed 3% overnight after Grayscale's Head of Research Zach Pandl described the project as core infrastructure for real-world asset tokenization. He cited a roughly $30–35 billion tokenized asset base versus about $300 trillion in global equity and bond markets, suggesting the RWA segment could expand by up to 1,000x and position Chainlink for substantial on-chain capital flows.

Over the past 30 days, on-chain transfers of tokenized silver have climbed more than 1,200% while the underlying metal has set a series of record highs. Monthly volume for Ondo Finance's tokenized iShares Silver Trust product surpassed $100 million, alongside a roughly 300% jump in holders and a near 40% rise in net asset value. Tight physical supply, new Chinese export licensing plans for 2026 and resilient industrial demand are helping drive both market volatility and interest in blockchain-based exposure.

On Monday, silver briefly hit an all‑time high near $84/oz before sliding to around $75.72, while CME set $25,000 margins for precious metals. Over the past 30 days, tokenized SLV transfers rose about 1,200%, alongside sharp gains in holders and NAV. China's refined‑silver exports will require licenses from January 1, and analysts flagged widening gaps between physical and paper pricing across Shanghai, Dubai, and COMEX.

Kinesis Silver (KAG) is consolidating near $81 after a strong rally tied to silver’s breakout above $80 per ounce, with price holding key support around $75. Backed by tight physical supply, strong industrial demand, and a weaker dollar, KAG’s technical structure remains bullish, keeping the $90 region in focus if resistance near $85 gives way.

On December 29, 2025, Coinbase released a 2026 market outlook outlining expectations for Bitcoin and the broader crypto sector. The report discusses US economic conditions, regulatory initiatives, institutional adoption via spot ETFs and digital asset treasuries, and forecasts for stablecoin and tokenization growth through 2028.