WHAT'S NEXT FOR SOLANA’S STRUGGLING RWA SECTOR?

Once touted as one of this cycle’s biggest sectors, RWA has underperformed in recent months. What lies ahead for Solana’s RWA projects?

Despite dominating other Layer 1’s in DePIN adoption and a growing number of DeFi metrics, Solana’s RWA (Real World Assets) ecosystem struggles to keep pace. Promising to bring tangible assets, like real estate, stocks, and precious metals onchain, RWAs are one of crypto’s most popular sectors in 2024.

Compared to rival networks, Solana faces a shortage of native RWA protocols, relying on multi-chain protocols to provide the bulk of onchain TVL (Total Value Locked).

WHAT CAN NETWORK PARTICIPANTS EXPECT FROM SOLANA RWA IN THE REMAINDER OF 2024?

In recent months, uncertainty has plagued market dynamics across the crypto industry. Geo-political tensions and TradFi disruptions have been major sources of volatility in the market. However, while DePIN has weathered turbulent conditions, RWA has struggled to solidify its market position.

According to Artemis data, the RWA has been crypto’s worst-performing sector over the past month. With the weighted average of token FDVs (Fully Diluted Valuation) in the sector down over 28%, RWA has fared even worse than other beleaguered niches, such as memecoins and AI.

RWA’s poor performance in recent months defies market expectations. Prior to the approval of spot Ethereum ETFs in the U.S., traders were optimistic that ETH’s debut in traditional markets would be a boon for RWA projects across the market.

Since then, RWA tokens throughout the industry have struggled, suggesting that the ETH ETF approval may have been a ‘sell-the-news’ event.

That being said, it should also be noted that the RWA sector has vastly outperformed the market over a longer timeframe. Over the last year, the weighted average of RWA token FDVs has increased by 1,280%, an 883% increase over the average performance of all sectors.What’s Next for Solana’s Struggling RWA Sector?

Once touted as one of this cycle’s biggest sectors, RWA has underperformed in recent months. What lies ahead for Solana’s RWA projects?

Despite dominating other Layer 1’s in DePIN adoption and a growing number of DeFi metrics, Solana’s RWA (Real World Assets) ecosystem struggles to keep pace. Promising to bring tangible assets, like real estate, stocks, and precious metals onchain, RWAs are one of crypto’s most popular sectors in 2024.

Compared to rival networks, Solana faces a shortage of native RWA protocols, relying on multi-chain protocols to provide the bulk of onchain TVL (Total Value Locked).

What can network participants expect from Solana RWA in the remainder of 2024?

RWA Sector Underperforms Amidst Market Turbulence

In recent months, uncertainty has plagued market dynamics across the crypto industry. Geo-political tensions and TradFi disruptions have been major sources of volatility in the market. However, while DePIN has weathered turbulent conditions, RWA has struggled to solidify its market position.

According to Artemis data, the RWA has been crypto’s worst-performing sector over the past month. With the weighted average of token FDVs (Fully Diluted Valuation) in the sector down over 28%, RWA has fared even worse than other beleaguered niches, such as memecoins and AI.

RWA’s poor performance in recent months defies market expectations. Prior to the approval of spot Ethereum ETFs in the U.S., traders were optimistic that ETH’s debut in traditional markets would be a boon for RWA projects across the market.

Since then, RWA tokens throughout the industry have struggled, suggesting that the ETH ETF approval may have been a ‘sell-the-news’ event.

That being said, it should also be noted that the RWA sector has vastly outperformed the market over a longer timeframe. Over the last year, the weighted average of RWA token FDVs has increased by 1,280%, an 883% increase over the average performance of all secto

Daily Memecoin Recap - July 2

Did you cook today?

Mao Takeover
$mao -> hit $7 .8m, absolutely insane community token, CTO'd multiple times, "cat" in Chinese
$gou -> hit $600k , "dog" in Chinese, beta play to $mao

Sydney Sweeney Hacked
$sweeney -> hit $3 .75m,
- Multiple tweets were posted on her account with a contract address
- The tweets were then deleted
- It has since been CTO'd (idk how you CTO a celebrity token lol)

Sean Kingston Launch
$king -> hit $10m ,

Khamzat Chimaev
$smash -> hit $8 .7m,

- Not confirmed to be his token
- He posted a vid asking what tokens he should buy (teasing at a launch)

Billy ATH
$billy -> $54m to $128m (2.37x from recent low), community continues to grow
$aro -> hit $1 .25m, $billy 's mom
$bif -> hit $480k , $billy + $wif

Cat Memes
$itty -> $190k to $1 .4m (7.36x), CTO
$manifest -> hit $850k , CTO
$silky -> hit $650k , $michi derivative
$kyun -> hit $540k , based on $wif 's owner's cat
$pumpcat -> hit $480k
$nubby -> hit $475k , $nub derivative

Dog Memes
$dilly -> $280k to $4 .5m (16x)
$winston -> hit $1 .27m
$boon -> hit $600k

Other Plays
$kama -> $3m to $11m (3.67x), based on KamalaHarris

$donkee -> $975k to $3 .67m (3.76x)
$landlord -> hit $1 .4m, launched on moonshot, good team

What do you think the next meta will be?