@bansss
Comparing On-Chain AUM and DeFi TVL (2023–2025)
Although charts were removed as requested, the core trend is clear:
• RWA on-chain AUM grew from hundreds of millions to tens of billions
• DeFi TVL recovered strongly, but RWA growth far outpaced all other sectors
• RWAs now represent a double-digit share of Ethereum TVL
• The slope of RWA adoption resembles the early growth curve of stablecoins