CoinDesk Report:
Ondo (ONDO)
Ondo is the largest coin in the realm of Real World Assets (RWA), currently priced around $1 with a market capitalization of $1.4 billion. It debuted in January and reached a historical high of nearly $1.5 in June. The niche market has recently decreased from about $9 billion to approximately $6 billion due to broader cryptocurrency market adjustments.
RWAs have gained popularity over the past few months for their ability to represent physical objects or attributes and functionalities on the blockchain via smart contracts. Earlier this year, the niche market approached a valuation of $9 billion. However, following the latest adjustments across the cryptocurrency market, it has recently fallen to around $6 billion.
Ondo (ONDO), according to data from CoinGecko, is the largest RWA coin, priced at approximately $1 with a market capitalization of $1.4 billion. It serves as the governance token of Ondo Finance, a New York-based cryptocurrency firm specializing in tokenizing assets such as bonds and US treasuries on the blockchain.
ONDO made its debut in January and hit a historic high of nearly $1.5 in early June. It remains to be seen whether it will reach new peaks in the coming weeks or if market downturns will continue to suppress its valuation.
OM (OM)
OM stands as the second-largest RWA cryptocurrency with a market capitalization exceeding $700 million. Launched in August 2020, it reached a peak price of $1.09 last month.
With a staggering annual growth rate of 3000%, OM is among the few cryptocurrencies in the top 100 over the past week.
Mantra (OM)
Mantra is a Layer 1 blockchain network bridging Traditional Finance (TradFi) and Decentralized Finance (DeFi) by providing essential infrastructure for tokenizing real-world assets.
Pendle (PENDLE)
Pendle Finance is a blockchain protocol offering decentralized financial services, emphasizing fixed income rates and revenue tokenization. Designed to work across different blockchains, it integrates automated market making for efficient trading.
Its all-time high (ATH) occurred in April this year when it surpassed the $7 milestone. However, its current trading price is approximately $3.80, heavily impacted by severe market downturns.
Chromia (CHR)
Chromia (CHR) is a blockchain platform and cryptocurrency developed by the Chromia team, aiming to provide scalable and decentralized infrastructure for developing decentralized applications (dApps) and games.
Breaking the market’s negative trend, its price has been rising by 8% daily, exceeding the $0.26 range. This rebound coincides with Chromia joining the AWS Partner Network.
The team stated on X: “This will connect Chromia’s infrastructure to the AWS Marketplace, accessible to millions of customers for public and enterprise solutions. It’s a significant achievement for us.”
Furthermore, developers revealed that the platform’s MVP mainnet is set to launch on July 16th.