RWA is undoubtedly one of the fastest-growing tracks in Web3. As of March 25, according to rwa.xyz data, the total value of on-chain real-world assets (RWA) has reached $19.53 billion, growing 19.58% in the past 30 days. Compared to $9.407 billion in the same period last year, the on-chain value of the RWA market has grown 108% in a year. In terms of RWA total value across blockchain networks, Ethereum leads with $5.01 billion, followed by ZKsync Era ($672 million) and Algorand ($473 million).

Recently, the RWA track has seen multiple key developments, covering public chain innovation, tokenization competitions, mortgage-backed securities markets, and real estate tokenization. In this article, PANews will provide a brief overview of these developments.