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The tokenized RWA market has grown from under $1 billion in early 2023 to nearly $34 billion, with on-chain perpetual futures topping $500 billion in Q1 trading volume.
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Real-world assets living on blockchains just crossed a milestone that would have sounded absurd two years ago. The tokenized RWA market hit approximately $33.78 billion in May, according to data highlighted by Injective Labs.
For context, this same market was sitting below $1 billion in early 2023. That’s roughly a 34x expansion in under 18 months, the kind of growth rate that makes even seasoned crypto observers do a double-take.
