The $30 billion RWA tokenization boom is barely reaching DeFi

DefiLlama’s RWA category data puts the RWA tokenization market near $30 billion on-chain, with only $2.47 billion appearing as DeFi active TVL, the value actually deposited or pooled inside third-party DeFi protocols the platform tracks. The rest of the tokenized real-world assets market sits outside the lending markets and collateral vaults that make crypto assets [ ]