POPA ReconThe State of RWAFi Q1 2026 Report is here.
The State of RWAFi Q1 2026 Report is here. RWA active market cap grew 5x in just over a year, from $4.1B to $25.2B. But only $3.6B is deployed in DeFi. A lot of what is being called RWAFi right now is really just tokenisation. Putting assets onchain and actually using them are two very different things. The market is figuring out that difference in real time. And depending on which asset class you look at, the answers are very different. Developed in collaboration with DefiLlama, this report breaks down tokenised commodities, equities, real estate & alternative finance. Same macro trend,…
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