🔴 On-chain government bonds take off: Solana RWA market cap surges to $418 million, Ondo strongly monopolizes 60% of the market, Wall Street assets are going on-chain.
The total market cap of Solana's on-chain RWA has reached $418.1 million, with an annual growth rate of 140.6%. Among them, the OUSG issued by Ondo Finance accounts for nearly $80 million, with an annual growth rate of 275.1%, effectively dominating over 60% of the non-stablecoin RWA market.
$SOL will technically become a high-speed channel for RWA, and @OndoFinance's comprehensive penetration allows for the rapid tokenization of the underlying financial layers of government bonds, stocks, and ETFs, indicating that capital in the on-chain capital market is beginning to be heavily allocated.
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