🇺🇸⛓️ BREAKING: The market cap of tokenized U.S. Treasuries is close to all-time highs at ~$8 billion.Leading issuers: @Securitize @circle @SuperstateInc @WisdomTreePrime @centrifuge @Fidelity & more. https://t.co/2EbX4d20OP ...

Market Trends & Adoption - Capital deployed into thBILL surged 50% in the past month, reaching nearly $200 million [1] - This marks a rapid rise in active usage across DeFi [1] - thBILL is currently ranked 5 among all tokenized U S Treasuries [2] Key Players & Partnerships - Theo_Network continues to lead with real adoption [1] - Stable and ConcreteXYZ committed $75 million in pre-deposits to mint thBILL natively on mainnet Stable, as part of a $1325 billion pre-deposit campaign [1] - Integrated with Pendle, Euler, Morpho [2] thBILL Positioning & Features - Positions thBILL as a yield-bearing stablecoin backed by AAA/AA+ assets from Libeara (Standard Chartered) and Wellington built for onchain payment infrastructure [1] - Onchain treasuries are scaling, thBILL is leading with usage, liquidity, and trust [1] - $135 million+ on Arbitrum [2] Financial Inflow - Inflow $70 million in the last 30 days [2]

Core Insights - Ripple has partnered with Ondo Finance to introduce tokenized U.S. Treasuries on the XRP Ledger, leading to increased online activity and engagement within the community [1][3][4] Engagement Metrics - Mentions of XRP surged to 71.71K, an increase of approximately 26.3K from the previous period, indicating heightened interest [1] - The Galaxy Score for XRP rose by 9 points to 68, reflecting stronger engagement from active accounts [1] - The AltRank improved to 455, showing XRP's relative movement compared to other assets based on price action and social volume [2] Social Dominance - XRP's social dominance reached 5.90%, more than double its average, indicating a significant share of the conversation within the crypto community [2][3] Tokenized Treasury Development - The partnership aims to bring Ondo Finance's short-term U.S. government bond product, OUSG, to the XRP Ledger, with minting and redemption settled in Ripple's stablecoin, RLUSD [4][5] - This initiative seeks to integrate government debt instruments into blockchain technology, merging traditional yield products with a network designed for cross-border payments [5][6] Market Accessibility - The collaboration is expected to expand access to tokenized securities for qualified institutions, reducing settlement friction and appealing to crypto holders [6] - The current surge in social signals may indicate a potential shift in attention towards XRP, although the sustainability of this interest remains to be seen [7]

Tokenized Asset Growth on BNB Chain - RWAs (Real World Assets) are experiencing exponential growth on BNB Chain [1] - Projects like Ondo Finance, BackedFi, and xStocksFi are introducing tokenized Treasuries, equities, and structured assets to BNB Chain [1] Tokenized Treasury Offerings - Circle launched USYC, a yield-bearing tokenized Treasury product [1] - Securitize and VanEck introduced VBILL, a tokenized U S Treasuries product [1]

Market Performance - Solana's market cap exceeded $100 billion, reclaiming the 5th-largest crypto spot [2] - Solana DeFi TVL increased approximately 304% QoQ to $86 billion [2] - RaydiumProtocol surpassed $1 trillion in all-time trading volume in July [2] - Solana DeFi TVL hit a 2025 high of $27 billion in July [2] Technological Advancements - Anza_xyz introduced Alpenglow, reducing finality latency from approximately 128 seconds to 100-150 milliseconds [2] - Jito-Solana client updates (v2219 and v2220-jito) rolled out for validators/devs [2] - StylusPort migration framework launched with tooling roadmap [2] Real World Assets (RWA) - Solana RWA value climbed approximately 239% QoQ to ~$3906 million [2] - Solana emerged as a hub for RWAs—from equities to real estate and infrastructure [2] - OUSG (tokenized US Treasuries) reached $796 million market cap [2] - Institutions bought approximately 3 million SOL; tokenized stock volume hit $293 million in one month [2] Application and Network Activity - Solana Application Revenue Capture Ratio rose dramatically to 2116% [2] - Weekly transactions with BNB Chain topped 340 million [2]

Product Launch - Binance launched RWUSD, a principal-protected product [1] - RWUSD offers up to 4.2% APR, benchmarked to yields from tokenized U.S Treasuries and other RWAs (Real World Assets) [1] - Users can subscribe to RWUSD 1:1 using USDT or USDC [1] Restrictions - RWUSD is non-transferable, non-tradable, and cannot be withdrawn on-chain [1]

Partnerships & Integrations - Binance institutional clients now support USYC as off-exchange collateral, unlocking more capital efficient yield with tokenized U S Treasuries [1] - The collaboration brings the power of tokenized traditional assets to one of the largest ecosystems in crypto [1] Product Features - TMMF (Tokenized Money Market Fund) is backed by U S Treasuries [1] - USYC offers near-instant fungibility with USDC [1]

Overview - Ondo Finance's USDY, a tokenized U S Treasury product, is launching on Sei Network [1] - This integration aims to bring institutional-grade finance to the Sei ecosystem [5] USDY Features - USDY is a yield-bearing asset backed by short-term U S Treasuries and bank deposits [1] - USDY will be the first tokenized treasury asset on Sei [1] - USDY simplifies access to tokenized U S treasuries on Sei as a compliant, composable ERC-20 asset [4] Sei Network Integration - Sei is a Layer 1 blockchain designed for speed, scalability, and composability [1] - Sei's fast block times and parallelized EVM execution enable seamless USDY deployment across DeFi platforms [3] - The integration enhances Sei's DeFi stack and establishes it as a base-layer for real-world asset (RWA) enabled finance [2]