RWA leads crypto sectors in July as on-chain market cap hits record high

RWA tokens delivered the strongest performance among major cryptocurrency sectors in July, posting a median return of 10%, CryptoRank reported. As of July 24, the total on-chain RWA market capitalization had risen to $32.2 billion, up 12.3% from the start of the month and setting a new all-time high above the previous record reached in April. The data indicates tokenization of traditional financial assets remains a key growth driver for the market.