RWA is broader than most people think.

Each project on this map is solving a different piece of the same puzzle.

Here's the breakdown of every category in our ecosystem map 🧵 Starting with infrastructure, the most essential part of the whole ecosystem.

Projects like @chainlink, @plumenetwork, @MANTRA_Chain, @StellarOrg, @XDCNetwork, @Zebec_HQ, and @hedera are building the connective tissue.

Tracking all of it in real time are @RWA_xyz and @DefiLlama. You can't invest in what you can't measure.

On the Treasuries side, @OndoFinance, @Securitize, @FTI_US, and @circle built tokenized treasuries inside the existing regulatory framework and won. @SuperstateInc, @Theo_Network, and @xStocksFi are scaling what comes next.

TradFi has traded commodity derivatives for decades. What @Theo_Network, @VeremRWA, and @Paxos are doing is putting the underlying assets onchain with almost instant settlement.