POPA ReconWhat Actually Paid in July
What Actually Paid in July Real-world assets outperformed every major crypto sector this month with a +10.7% median return, pushing total RWA on-chain market cap to a record $32.2B, per CryptoRank. Median MTD performance by narrative: • RWA: +10.7% • L2: +7.6% • DeFi: +6.3% • AI: +3.3% • L1: +1.6% • Meme: −3.1% • GameFi: −3.5% • DePIN: −6.6% The split is unusually clean. Everything tied to yield, infrastructure or real cash flow finished green; everything sold on narrative alone finished red. Meme, GameFi and DePIN were the only losers on the board and DePIN's −6.6% is the worst month of th…
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