RWA sector rises 4.28% as crypto market rebounds, SoSoValue data shows

Bitcoin rose 3.2% to $63,828 and Ether gained 2.36% to $1,767.87 as tokenized real-world asset tokens outperformed; CoinGlass data showed derivatives volumes far exceeded spot trading.

BTC
ETH
ONDO

Summary

Crypto markets rebounded after several days of declines, with the RWA (real-world assets) sector outperforming broader moves. SoSoValue data showed the sector rose 4.28% over 24 hours, led by Ondo Finance (ONDO), up 3.21%, Pendle (PENDLE), up 5.22%, and Sky (SKY), up 6.11%. CoinGlass data showed Bitcoin rose 3.2% to $63,828 and Ether gained 2.36% to $1,767.87 over the same period, while derivatives trading volumes far exceeded spot activity for both tokens.

Terms & Concepts
  • RWA: Real-world assets tokenized on blockchain.
  • derivatives: Contracts tied to an asset's price.
  • spot volume: Trading volume for immediate asset purchases.