The base protocol where the data originated

The country in which the asset issuer is incorporated

The total outstanding principal amount in dollars.

The total outstanding capital amount in dollars.

The total amount of idle capital in dollars.

The current market value of the asset in dollars.

The total value of daily burns in dollars.

The total dollar volume of daily transfers.

The net asset value of the asset in dollars.

The available financial capacity of the asset in dollars.

The total principal amount paid, in dollars.

The total principal amount written off, in dollars.

The total dollar value of recovered assets.

The cumulative total of principal repaid, in dollars.

The total cumulative interest earned, in dollars.

The maximum financial capacity of the asset in dollars.

The total dollar value of assets that have been drawn down.

The current price of the asset in dollars.

The value of circulating assets in dollars.

The market value of circulating assets in dollars.

The total dollar volume of weekly transfers.

The total dollar volume of monthly transfers.

The dollar volume of transfers in the last 7 days.

The dollar volume of transfers in the last 30 days.

The total M2 money stock value in dollars.

The total management fee charged, expressed in basis points.

The total performance fee charged, expressed in basis points.

The total supply of tokens currently available.

The current circulating supply of tokens associated with the asset.

The total number of loans funded through the asset.

The current number of active loans associated with the asset

The total number of loans that have defaulted.

The number of active addresses interacting with the asset daily.

The daily count of unique holders of the asset.

The number of active addresses interacting with the asset weekly.

The number of active addresses interacting with the asset monthly.

The number of active addresses interacting with the asset quarterly.

The number of active addresses interacting with the asset annually.

The daily count of transactions involving the asset.

The number of transfers in the last 7 days.

The number of transfers in the last 30 days.

The total number of tokens associated with the asset.

The percentage yield expected at the maturity of the asset.

The percentage of the portfolio that remains uninvested and drags down overall returns.

The percentage of loans that have defaulted.

The annualized percentage net yield over the last 7 days.

The annualized percentage net yield over the last 30 days.

Ethereum

BNB Chain

Aptos

Solana

Avalanche C-Chain

Arbitrum

Optimism

Polygon

NEAR

US Treasury Debt

Public Equity

Securitize

Midas

KAIO

Archax

Backed Finance (xStocks)

BlackRock, Inc. is the world’s largest asset manager, overseeing trillions across index and active strategies—including its iShares ETF franchise—and licensing its Aladdin risk-tech platform to institutions globally.

Backed Assets

Midas is a tokenisation platform building institutional-grade financial products for the open web. Its ERC-20 tokens are structured to track dedicated strategies with verifiable on-chain performance, combining TradFi-grade standards with DeFi composability.

Midas is backed by leading investors like Framework Ventures, BlockTower Capital, and GSR, and partners with regulated custodians to ensure strong compliance and risk controls.

BlackRock USD Institutional Digital Liquidity Fund

Libre SAF VCC

Institutional Cash Series plc

BlackRock

Ethereum is a decentralized, proof-of-stake (POS) blockchain network capable of handling smart contracts for the development of decentralized applications (dApps). It is powered by its native token, ETH, which can be used to pay for transaction costs to utilize the network.

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. Anchored by a public, permissionless liquidity hub (c-chain), the network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future. Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

Solana is a high-performance blockchain platform launched in 2020, known for its high transaction throughput with minimal fees through its innovative Proof of History and Proof of Stake mechanisms. The platform supports a thriving ecosystem of decentralized applications, NFT marketplaces, and DeFi projects, all powered by its native cryptocurrency SOL.

Near is a blockchain platform that uses a novel proof-of-stake consensus mechanism called Doomslug to achieve fast, low-cost transactions. It is powered by the native NEAR token and designed with features like human-readable account names and a powerful development environment for building decentralized applications.

Arbitrum is a Layer 2 scaling solution for Ethereum that uses optimistic rollup technology to significantly reduce transaction costs and increase throughput while inheriting Ethereum's robust security. Launched in 2021, Arbitrum processes transactions off the main Ethereum chain and batches them together before final settlement, allowing developers to run Ethereum-compatible smart contracts and decentralized applications with improved efficiency.

XDC is an EVM-compatible and enterprise-focused blockchain network utilizing the state-of-the-art Delegated Proof of Stake (DPoS) consensus engine to provide maximum security, fast transaction times and improved scalability. It also features a Layer-2 subnet system allowing enterprise users to launch sovereign and privacy-preserving subnets that inherit the security of the XDC mainnet. The XDC ecosystem aims to accelerate enterprise blockchain adoption by offering features like multi-currency support, cross-chain bridges, and integration with existing enterprise tools and infrastructure.

Optimism is a Layer 2 scaling solution built on top of Ethereum that uses optimistic rollup technology to enable faster and cheaper transactions while inheriting Ethereum's security guarantees. Optimism's native token is used for governance and to pay for transactions on the network.

Sei Network is a high-performance Layer 1 blockchain built with the Cosmos SDK and optimized for trading and decentralized finance. It features fast finality, parallel execution, and deep liquidity infrastructure to support next-generation applications.

Polygon PoS is a EVM-compatible, scalable, proof-of-stake (PoS) side-chain that complements Ethereum’s decentralized security with fast settlement times and cost efficiency. It is powered by its native network token, POL, which was previously known as MATIC.

Aptos is a Layer 1 blockchain developed by former Meta engineers that leverages the Move programming language and a parallel execution engine to achieve its performance. Launched in 2022, the platform implements a Block-STM technology that enables parallel transaction processing and instant finality, powered by its native token APT.

Archax is an FCA regulated digital asset exchange, broker and custodian, based in London. Founded by capital markets experts, Archax offers the credible bridge between blockchain and traditional finance, supporting a range of assets including cryptocurrencies and regulated tokenised real-world assets. Archax supports the full digital asset lifecycle from token issuance and distribution through to trading and custody.

KAIO is an institutional-grade Web3 protocol, created by WebN Group and Nomura’s Laser Digital, that enables compliant tokenization and lifecycle management of alternative investment funds. It connects asset managers with distributors while providing access to tokenized hedge funds, money market funds, and private credit strategies from managers like Brevan Howard, BlackRock, and Hamilton Lane. Through its KAIO Gateway, the platform extends these assets across multiple blockchains, offering services such as collateralized lending, automated rebalancing, and programmable compliance.

Securitize provides businesses a platform to raise capital from institutional, accredited or retail investors with shares issued as digital tokens.

Backed issues tokens that track major financial instruments (S&P500, T-bills, TSLA, AAPL, etc.), under the Swiss DLT-act. The tokens are fully backed by the underlying assets.

#	Network	RWA Count	Total Value	30D%	Market Share
1	Ethereum	6	$536.5M	▼8.46%	29.95% ▼
2	BNB Chain	4	$503.3M	▲0.29%	28.10% ▲
3	Aptos	2	$306.4M	▼3.08%	17.11% ▲
4	Solana	5	$239.0M	▼6.51%	13.34% ▼
5	Avalanche C-Chain	2	$116.7M	▲2.78%	6.52% ▲
6	Arbitrum	4	$31.2M	▲0.26%	1.74% ▲
7	Optimism	1	$26.1M	▲0.26%	1.46% ▲
8	Polygon	2	$19.1M	▼11.38%	1.06% ▼
9	NEAR	1	$11.6M	▲5.10%	0.65% ▲
10	SEI	1	$1.5M	▲5.10%	0.08% ▲

BlackRock

Metric