CoinGecko data showed the real-world asset (RWA) sector’s total market cap rose to $71.02 billion on Monday, up 48.7% in 24 hours and $23.26 billion higher than the day before. Meme coin market value fell 2.2% to $32.82 billion over the same period. The jump in RWA was mainly driven by Figure Heloc being added to the count; without it, the sector was roughly flat day over day. Figure Heloc, a pool of home equity line of credit tokens issued by Figure on the Provenance blockchain, accounted for $22.81 billion and about 32% of the RWA sector. The data also showed 24-hour turnover of 4% for RWA and 13.2% for meme coins, while several meme coins rose more than 50% over seven days and Chainlink and Stellar gained about 22%.
CoinGecko data showed the real-world asset (RWA) sector’s total market cap reached $71.02 billion on Monday, a 48.7% jump in 24 hours that added $23.26 billion.
Over the same period, meme coin market value fell 2.2% to $32.82 billion.
The move in RWA was mainly driven by Figure Heloc being included in the count. Its market cap reached $22.81 billion, or 32% of the sector.
Excluding Figure Heloc, the RWA sector’s market cap was basically unchanged from the previous day.
Figure Heloc is a pool of home equity line of credit tokens issued by Figure on the Provenance blockchain, and its market cap is about three times the company’s stock market value.
CoinGecko data also showed 24-hour turnover of 4% for RWA, compared with 13.2% for meme coins.
Over the past seven days, several meme coins gained more than 50%, while RWA-linked tokens such as Chainlink and Stellar rose by about 22%.
(BeInCrypto)
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