Add as a preferred source on GoogleStablecoin Market Cap Rises 0.10% in October as On-Chain RWA Value Climbs
On-chain real-world asset value increased 2.92% to $34.5 billion, while tokenized stock and equity trading volume fell 39.3% to an average $317 million a day.
Stablecoin market capitalization rose modestly in October, while on-chain tokenized real-world asset value increased and average trading volume for tokenized equities declined over the same month.
The stablecoin market stood at $305.5 billion, up 0.10% from the prior month. USDC fell 2.80% to $72.3 billion, while Tether remained the largest stablecoin at $183 billion.
The on-chain value of tokenized real-world assets (RWAs) rose 2.92% to $34.5 billion. It reached a record $34.9 billion on Oct. 16. Private credit grew 11.8% to $5.27 billion.
Tokenized stocks and equities increased 4.81% in value to $4.89 billion. Their average daily on-chain trading volume dropped 39.3% to $317 million.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.