Real-World Assets (RWA) have been gaining popularity in the cryptocurrency market, representing physical objects or properties on the blockchain through smart contracts. Despite a recent correction that saw the niche’s market cap drop from nearly $9 billion to around $6 billion, there are still some top RWA cryptocurrencies to watch in July.
Ondo (ONDO) stands out as the largest RWA coin, priced at approximately $1 with a market cap of $1.4 billion. Launched in January, ONDO reached an all-time high of nearly $1.50 in June. As the governance token of Ondo Finance, a New York-based crypto company focusing on asset tokenization, ONDO’s performance in the coming weeks will be interesting to observe.
Mantra (OM) is the second-largest RWA cryptocurrency with a market cap exceeding $700 million. Launched in August 2020, OM peaked at $1.09 last month. With a remarkable 3,000% yearly increase and recent gains despite market fluctuations, Mantra serves as a bridge between traditional finance and decentralized finance (DeFi) through Real-World Asset tokenization.
Pendle Finance introduces decentralized financial services emphasizing fixed yields and yield tokenization. Despite reaching an all-time high of $7 in April, Pendle currently trades around $3.80, impacted by the market crash. By offering automated market-making and cross-chain functionality, Pendle aims to provide efficient trading options for users.
Chromia (CHR) is a blockchain platform and cryptocurrency developed to offer scalable and decentralized infrastructure for developing decentralized applications (dApps) and games. Despite market challenges, CHR’s price surged by 8% daily, surpassing $0.26. Chromia’s partnership with AWS Partner Network and the upcoming launch of the MVP Mainnet on July 16 are significant milestones for the platform.
In conclusion, the Real-World Assets (RWA) sector continues to show promise in the cryptocurrency market, with top coins like ONDO, OM, Pendle, and CHR leading the way in innovation and adoption. As investors navigate market fluctuations, these RWA cryptocurrencies present unique opportunities for growth and diversification in July.