RWA Cryptocurrencies to Be Included in Observational List in July

BiJieNet Report:
TL;DR
Ondo is the largest coin in the real-world assets (RWA) sector, currently priced at about $1, with a market cap of $1.4 billion. It debuted in January and hit an all-time high of nearly $1.5 in June. Due to a broader cryptocurrency market correction, the niche sector has recently dropped from nearly $9 billion to about $6 billion.
Ondo (Ondo)
Real-world assets (RWAs) have gained popularity over the past few months. They can represent physical objects or properties and functions on the blockchain via smart contracts. Earlier this year, the market cap of this niche sector approached $9 billion. However, following the latest correction in the overall cryptocurrency market, it has recently dropped to around $6 billion.
Ondo (Ondo) is the largest RWA coin, priced at about $1 with a market cap of $1.4 billion (according to CoinGecko data). It is the governance token of New York-based cryptocurrency company Ondo Finance, which focuses on tokenization (recording assets like bonds and US Treasuries on the blockchain).
ONDO dawned in January of this year, hitting an all-time high of nearly $1.5 in early June. It will be interesting to see if it reaches new peaks in the coming weeks or if the market downturn continues to suppress its valuation.
Mantra (OM)
This is the second-largest RWA cryptocurrency, with a market cap exceeding $700 million. It went live in August 2020, reaching a peak price of $1.09 last month.
OM’s annual growth rate is a staggering 3000%, making it one of the few cryptocurrencies among the top 100 to perform well over the past week.
Mantra is a layer-one blockchain network that bridges TradFi and DeFi by providing the necessary infrastructure for tokenizing real-world assets.
Pendle (Pendle)
Pendle Finance is a blockchain protocol that offers decentralized financial services, emphasizing fixed yields and yield tokenization. It is designed to work across different blockchains and incorporates automated market-making for efficient trading.
Its ATH occurred in April this year, crossing the $7 milestone. However, it is currently trading at around $3.80, making it one of the assets significantly impacted by the intense market crash.
Chromia (CHR)
Chromia (CHR) is a blockchain platform and cryptocurrency developed by the Chromia team, designed to provide scalable and decentralized infrastructure for developing decentralized applications (dApps) and games.
Its price has defied the negative market trend, rising 8% daily to exceed the $0.26 range. Its rebound coincides with the news of 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. This is a great achievement for us.”
Additionally, developers revealed that the platform’s MVP mainnet will officially launch on July 16.