The RWA app has recently been integrated with Near, the innovative layer-1 blockchain. With this new integration, the RWA database now monitors over $630 million worth of tokenized Treasuries and stablecoins on the network.
Announcing our completed integration with NEAR.
NEAR is a blockchain that builds on chain abstraction, allowing users and developers to participate in multiple ecosystems from one account.
Our successful @NEARProtocol integration means our database now tracks over $630… pic.twitter.com/EzTTjOlBvY
— RWA.xyz (@RWA_xyz) September 9, 2024
Near Protocol is a layer one blockchain network that provides developers with a platform to build decentralized applications. It is faster and cheaper than Ethereum and claims to be faster than some of its biggest rivals. When fully completed, Near is estimated to be able to perform approximately 100,000 transactions per second (TPS). It allows users and developers to participate in multiple ecosystems from a single account.
More about this integration of RWA with Near Protocol
The RWA app provides an app that allows users to access all tokenized real-world assets in one place. Real-world assets (RWAs) are a class of crypto tokens that represent tangible assets outside the digital spectrum. The use of RWAs allows these assets to find a foothold within the decentralized finance (DeFi) ecosystem, helping to increase the availability of financial instruments that are typically difficult to obtain and opening up new avenues for application.
As a result of this integration, RWA’s database now tracks more than $630 million worth of tokenized Treasuries and stablecoins on the network. Near Protocol is one of the most notable blockchains as measured by the growth of tokenized assets, as reflected by the current TVL, which represents a significant increase from the $54 million in place at the beginning of 2024.