Polygon Dominates RWA Market With $1.1B TVL, New Dune Report Shows

Core Insights - The Polygon network is establishing a strong position in the tokenization space, currently holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs) [1][2] - The focus on RWAs is increasing within the industry, highlighted by events such as the Real-World Asset Summit in New York [2] - The "RWA REPORT 2025" indicates a 224% growth in the tokenized asset landscape since the beginning of 2024, driven by the success of tokenized U.S. Treasuries [3][4] Tokenization Trends - Capital is shifting towards higher-yield assets like private credit and bonds as on-chain investors seek greater returns [4] - There is a growing integration of RWAs with DeFi protocols, allowing these assets to be used as collateral and transforming them into programmable components for on-chain finance [4] Polygon's Market Position - Polygon holds a dominant 62% share in the tokenized global bonds market, significantly outperforming Ethereum, which has only a 5% share in this sector [5] - Polygon is also a leading network for tokenized U.S. T-Bills, with approximately 29% of the TVL for Spiko's U.S. T-Bill token (USTBL) [6] Competitive Landscape - Despite Polygon's strengths, it faces competition from other ecosystems like Solana, which recently reached a $500 million valuation in its RWA market [6] - The trend of traditional finance adopting blockchain technology is evident, with major players like Nasdaq filing with the SEC to trade tokenized securities [7]