Real Estate Sector's Growth persists, spearheaded by established names like Usual Money, Hashnote, and Ondo
In the world of decentralized finance (DeFi), the Real-World Asset (RWA) sector has been gaining traction over the last two months. This growth is evident in the current top-performing RWA projects, including Centrifuge (CFG), TrueFi (TRU), Goldfinch, and others.
Centrifuge, for example, has shown strong price momentum since June 2025, consolidating near $0.26 with potential to reach $0.30 shortly, driven by actual usage in financing small and mid-sized businesses through tokenized invoices and assets.
Other significant RWA-related projects with strong growth potential due to their role in bringing off-chain assets onto blockchain include Chainlink (LINK), Ondo (ONDO), Algorand (ALGO), Stellar (XLM), and MakerDAO (MKR).
Chainlink, serving as a vital oracle network underpinning DeFi and RWA tokenization, is expected to deliver 2-3x growth by 2025 and possibly 8-12x long term. Its recent moves into cross-chain interoperability and partnerships highlight its foundational importance for RWAs.
Ondo, focused on tokenized treasuries and real yield products, has potential for 2-3x growth by 2025 as institutional adoption of on-chain finance expands. As of the current report, Ondo is the largest multi-chain RWA project, having reached a new TVL record of $603 million.
Algorand and Stellar are both platforms heavily used in tokenizing bonds, intellectual property, and payment solutions. ALGO could double by 2025 and 15-20x long-term, while Stellar aims for 2-3x in 2025 and 10-15x by 2030 due to mainstream financial partnerships.
MakerDAO is increasingly integrating RWAs to back its stablecoin, offering steadier growth (1.5x by 2025, up to 4-6x by 2030), functioning as a DeFi backbone for real-world collateral.
In early August, it was reported that Hashnote had surged over 280% within 3 months to reach $177 million. On September 4, Usual Money, a decentralized fiat-backed stablecoin issuer, reached a record TVL of $222.5 million, making it the best monthly performer among all RWA protocols. Usual Money started with zero liquidity in mid-July.
On August 31, the TVL in the DeFi RWA sector hit a record $6.6 billion. On September 3, Hashnote surpassed $250 million in TVL. As of this writing, the total value locked (TVL) in the DeFi RWA sector is $5.75 billion.
In conclusion, Centrifuge leads in direct RWA project adoption and price performance recently, while Chainlink dominates the infrastructure side and Ondo, Algorand, Stellar, and MakerDAO represent varied high-potential plays tokenizing real-world assets. This cohort distinctly benefits from rising institutional interest in RWAs as bridges between traditional finance and crypto.
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