This year, the RWA sector grew by 237%, and the total market value doubled to 19 billion US dollars

PANews reported on March 24, according to Velo Protocol analysis, the RWA sector performed strongly in 2025, growing by 237% within the year and doubling its total market value to $19 billion. This was mainly driven by private credit, with both the number of holders and activity reaching historic highs. At the same time, the total value of stablecoins reached $225 billion. As of March 24, 2025, the top five RWAs by market value included:

BlackRock's $BUIDL at approximately $1.5 billion (the largest RWA)
Hashnote's $USYC (acquired by Circle in 2025) at about $800 million
Tether Gold's $XAUT at around $750 million
Franklin OnChain's $BENJI at roughly $700 million
Paxos Gold's$ PAXG at approximately$650 million.