Tokenized Asset Deposits Tripled to $7.4B as DeFi Shrank: CoinShares
60-second summary
Tokenized asset deposits have tripled to $7.4 billion, driven by growth in gold, Treasuries, and the S&P 500. This surge contrasts with the decline in decentralized exchange spot volumes, which have fallen by approximately 70% this year. Despite DeFi's downturn, institutional investors are increasingly turning to tokenized assets, highlighting their growing appeal in the market.
Gold, Treasuries and the S&P 500 led the growth, in a year when spot volumes on decentralized exchanges fell by roughly 70%.