LayerZero · Aave · CryptoSlate
Latest $3.8 billion RWA recovery indicates how quickly DeFi absorbed the KelpDAO shock
Compiled by KHAO Editorial — aggregated from 1 source + 2 references discovered via search. See llms.txt for citation guidance.
◌ Single Source
Active use of tokenized real-world assets in DeFi has returned to about $3.77 billion, close to the level visible before an April 18 exploit triggered a $13 billion decline across DeFi as a whole in 48 hours.
Key facts
- Tokenized Treasury and money market funds lag behind that pace, with USTB holding about $137 million active and WTGabout $67 million
- Active use of tokenized real-world assets in DeFi has returned to about $3.77 billion, close to the level visible before an April 18 exploit triggered a $13 billion decline across DeFi as a whole
- Plasma tells a similar concentration story, with about $211 million active and $206 million of that in Maple's syrupUSDT alone
- Avalanche shows how a single institutional allocation can activate a chain: its $261 million in active RWA value comes almost entirely from JAAA, the Janus Henderson CLO fund, deployed through Grove
Summary
01 DeFi’s active tokenized RWA TVL has recovered to about $3.77 billion, near pre-April 18 levels after 95 days. 02 The rebound matters because tokenized assets are now being used as collateral, vault inputs, and cross-chain working capital. 03 The market still looks thin and concentrated, leaving bridge and collateral risks unresolved after the KelpDAO shock. DefiLlama's tracking puts that recovery at roughly 95 days from the shock to July 22.