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Tokenized RWA deposits surge to $7.4 billion as DeFi shrinks 15%

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  • CoinShares and Token Terminal reported rising RWA use across lending, spot markets and perpetual futures.
  • RWA deposits increased from $2.3 billion to $7.4 billion between Q2 2025 and Q2 2026.
  • Ethereum hosted nearly 70% of measured RWA deposits, while total DeFi deposits declined approximately 15%.
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