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15 RWA Plays with 100x Potential: Analyst Highlights Top Projects as BlackRock Enters the Sector

Vignesh Karunanidhi

March 26, 2024

In a recent tweet, crypto analyst Cyclop identified 15 real-world asset (RWA) projects with the potential for 100x returns, following BlackRock’s entry into the RWA sector. The analyst’s bullish outlook on RWA is based on the expected growth of the sector, with a projected market capitalization of $10 trillion by 2030.

Understanding Real-World Assets (RWA)

Real-world assets are tokens on the blockchain that represent traditional financial assets, which can be either tangible (such as real estate) or intangible (like government bonds or carbon credits).

The tokenization of these assets has gained significant attention from financial institutions, with BlackRock recently launching the first Tokenized Fund on Ethereum.

Top 15 RWA Projects

After extensive research and scanning approximately 300 RWA projects, Cyclop has selected the following top 15 projects with the greatest potential in 2024:

1. Goldfinch (GFI): A credit protocol built on Ethereum smart contracts, with a market cap of $85M, a price of $2.92, and a fully diluted valuation (FDV) of $333M.
2. Dusk Network (DUSK): A Layer 1 blockchain protocol for privacy-centric, compliance-friendly smart contracts, with a market cap of $242M, a price of $0.568, and an FDV of $288M.
3. Swarm Markets (SMT): A platform facilitating easy, cost-effective, secure transactions with blockchain tokens across all asset classes, with a market cap of $30M, a price of $0.9328, and an FDV of $225M.
4. Clearpool (CPOOL): A decentralized finance ecosystem with a permissionless marketplace for unsecured institutional liquidity, with a market cap of $113M, a price of $0.2495, and an FDV of $249M.
5. Maple (MPL): A network offering infrastructure for on-chain lending businesses, with a market cap of $103M, a price of $23.35, and an FDV of $233M.
6. Polytrade (TRADE): A fintech developer aiming to revolutionize finance with blockchain, with a market cap of $60M, a price of $1.93, and an FDV of $197M.
7. Nexera (NXRA): A foundation supporting builders with infrastructure for seamless on-and off-chain operations, with a market cap of $202M, a price of $0.258, and an FDV of $219M.
8. MANTRA Chain (OM): A Cosmos SDK-based blockchain aiming to join the ‘internet of blockchains’ network, with a market cap of $543M, a price of $0.6806, and an FDV of $608M.
9. Chintai Nexus (CHEX): A platform catering to entrepreneurs and firms seeking DeFi benefits with a compliance framework, with a market cap of $205M, a price of $0.2065, and an FDV of $202M.
10. Xend Finance (RWA): A decentralized protocol enhancing global credit unions’ operations and offering multi-level returns, with a market cap of $26M, a price of $0.2506, and an FDV of $48M.
11. IX Swap (IXS): A pioneering DeFi platform enabling the trading of security tokens through licensed custodians and broker-dealers, with a market cap of $88M and a price of $0.5391.
12. Creditcoin (CTC): A project aiming to create a global credit investment network, with a market cap of $312M, a price of $0.9876, and an FDV of $592M.
13. Realio Network (RIO): An open-source, permissionless Layer-1 multi-chain Web3 ecosystem for managing digital real-world assets, with a market cap of $12M, a price of $1.84, and an FDV of $138M.
14. Ondo Finance (ONDO): A platform democratizing access to institutional-level financial products using blockchain, with a market cap of $1.3B, a price of $0.9292, and an FDV of $9.2B.
15. GRAND BASE (GB): A decentralized market for synthetic RWAs, offering exposure to real-world assets without owning them, with a market cap of $38M, a price of $3.71, and an FDV of $185M.

As the RWA sector continues to gain traction and attract the attention of major financial institutions like BlackRock, the potential for growth and substantial returns in these projects is significant. However, investors should always conduct their own research and consider their risk tolerance before investing in any cryptocurrency or blockchain project.

By staying informed and monitoring the progress of these top 15 RWA projects, investors can potentially position themselves to benefit from the expected growth of the RWA sector in the coming years.

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