RWA TVL surpasses DEXs, enters top 5 DeFi categories

The total value locked (TVL) in real-world asset (RWA) protocols has surpassed that of decentralized exchanges (DEXs), making it the fifth-largest category in decentralized finance, Cointelegraph reported. According to data from DeFiLlama, the TVL for RWAs currently stands at approximately $17 billion, a significant increase from $12 billion in the fourth quarter of last year. At the beginning of this year, RWAs were not ranked among the top 10 categories by TVL.