Polygon Dominates RWA Market With $1.1B TVL, New Dune Report Shows

The Polygon network is establishing a notable position in the tokenization market with over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs).

Polygon recently deployed its "Rio" upgrade on the Amoy testnet for enhanced future scaling.
A report by Dune and RWA.xyz highlights Polygon's dominance in the RWA space, holding 62% of tokenized global bonds.
The tokenized asset landscape has grown 224% since early 2024, driven by U.S. Treasuries and shifting capital into higher-yield assets.
Integration of RWAs with DeFi protocols is accelerating, transforming them into programmable building blocks for onchain finance.
Polygon holds a significant share in tokenized U.S. T-Bills at 29% and faces competition from ecosystems like Solana, which reached a $500 million valuation in RWAs.
Traditional finance is increasingly adopting blockchain, with entities like Nasdaq moving towards tokenized securities trading.

Total RWA value.

Polygon continues to evolve beyond pilot projects, unlocking liquidity and providing on-chain transparency, as noted by Aishwary Gupta, Polygon’s Global Head for RWA.