Deposits of tokenized real-world assets into DeFi lending venues and exchanges more than tripled over the year to Q2, climbing from $2.3 billion to $7.4 billion, according to a joint report by CoinShares and Token Terminal. Total DeFi deposits fell by approximately 15% over the same period, while RWA spot trading volumes rose roughly 220%. Nearly 70% of that collateral sits on lending venues built on Ethereum, with Plasma emerging as the second-largest supported by Aave’s expansion beyond Ethereum, followed by Solana driven by native RWA lending platform Kamino. Approximately $2.2 billion of a global equity market worth more than $100 trillion has been tokenized, a position the report likens to stablecoins in 2019.
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