RWA Weekly: Chainlink & Avalanche Drive Market Surge

Market Overview: Bitcoin Reaches New Heights

Bitcoin (BTC) has set a new all-time high, peaking at $93,000 before stabilizing at $88,400. This milestone marks a 20% increase over its previous high in March 2024.

Key drivers for Bitcoin’s surge include:

• Donald Trump’s election victory over Kamala Harris.
• Plans to establish a U.S. Bitcoin reserve.
• Institutional investments in BTC.
• Recent interest rate cuts fostering market optimism.

While Bitcoin dominance remains near 60%, the altcoin market has also exploded, with its total market capitalization exceeding $1 trillion for the first time since June 2024.

RWA Market Update

The RWA sector has also seen notable gains, with six of the top 10 RWA tokens by market cap recording positive performance over the past week.

Top Performers

• Ondo (ONDO): +16.5%
• Avalanche (AVAX): +12.9%

Worst Performers

• Axelar (AXL): -9.2%

Smaller RWA tokens also showed mixed performance:

Best Performing Small Tokens

• Alvara Protocol (ALVA): +250%
• Propy (PRO): +52.3%
• Creditcoin (CTC): +47.9%
• TokenFi (TOKEN): +16.5%

Worst Performing Small Tokens

• Maple (MPL): -33.5%
• Propbase (PROPS): -14.3%
• Chintai (CHEX): -12.6%
• Clearpool (CPOOL): -12.7%

Overall, the total market capitalization of RWA tokens rose by 10.9% to reach $33.5 billion, its highest level since August 2024.

Key RWA Sector Updates

This week brought significant developments in the RWA space, including new token launches and strategic partnerships:

• DWF Labs & UCLA Partnership: DWF Labs teamed up with UCLA to launch educational programs focused on tokenized securities, promoting awareness of RWA tokenization.
• Peaq Token Launch: Peaq introduced its native token, achieving a peak valuation of $2 billion FDV before stabilizing at $1.3 billion.
• BlackRock Expands BUIDL Fund: BlackRock extended its tokenized money market fund to five additional blockchains: Polygon, Solana, Avalanche, Binance Smart Chain, and Arbitrum.
• ISON’s €150M Tokenized Real Estate Initiative: ISON launched a €150 million real estate tokenization project in Norway, leveraging blockchain and AI technology for fractional ownership.
• Outlier Ventures & Singularity Finance RWA Accelerator: A new accelerator program offers funding and support to RWA startups, integrating blockchain with traditional finance.

Stay updated with the latest developments in cryptocurrency and RWA markets.