Top RWA Cryptocurrencies to Put on Your Watchlist in July

Long summary

• Ondo is the largest coin in the Real Assets (RWA) space, with a current price of around $1 and a market cap of $1.4 billion. It debuted in January and hit an all-time high of nearly $1.50 in June.
• The value of this sector has recently dropped from nearly $9 billion to nearly $6 billion due to the broader correction in the cryptocurrency market.

Ondo (Ondo)

Real assets (RWA) have gained popularity in the past few months. They can represent physical objects or properties and operate on the blockchain via smart contracts. Earlier this year, the market cap of this space approached $9 billion. However, it has recently dropped to around $6 billion after the latest revision From the entire cryptocurrency market.

Ondo (ONDO) is the largest RWA coin, with a price of around $1 and a market cap of $1.4 billion (CoinGecko data). that it Governance token for New York-based crypto firm Ondo Financeany Focuses on tokenization (recording assets such as bonds and US Treasuries on blockchains).

Ondo I saw the daylight In January of this yearto hit All-time high of nearly $1.50 in early June. It will be interesting to see if it can reach a new high in the coming weeks or if the market decline will continue to suppress its valuation.

Mantra (Om)

This is the second largest cryptocurrency in RWA with a market cap of over $700 million. It was launched in August 2020.Access The peak price was $1.09 last month.

OM is up an impressive 3000% year-over-year and is among the few cryptocurrencies in the top 100 to see gains in the past week.

The mantra is First class blockchain network that Creates a bridge between TradFi and DeFi by providing the infrastructure needed to tokenize real-world assets.

Bendel (Bendel)

Pendle Finance is a blockchain protocol that offers decentralized financial services, with a focus on fixed returns and yield tokenization. It is designed to work across different blockchains and includes automated market making for efficient trading.

The cryptocurrency hit an all-time high in April this year when it crossed the $7 mark. But currently, it is trading at around $3.80, one of the assets that has been hit hard by the raging market crash.

Chromia (CHR)

Chromia (CHR) is a blockchain platform and cryptocurrency developed by the Chromia team.aims to provide Scalable and decentralized infrastructure for developing decentralized applications and games (dApps).

Its price defied negative market trends, rising 8% daily and crossing the $0.26 area. Its rise coincided with the news that Chromia would join the AWS Partner Network.

“This will connect Chromia’s infrastructure to AWS Marketplace, which is accessible to millions of customers, both of them “Public and private solutions. A great achievement for us,” said the team. advertiser On X.

In addition, developers open The platform is the most valuable product. Main Network It will be officially launched on July 16th.