RWA deposits triple to $7.4B despite DeFi slump: CoinShares

RWA deposits across lending platforms and decentralized exchanges reached $7.4 billion in the second quarter of 2026, more than tripling from $2.3 billion a year earlier, according to a report published Aug. 6 by CoinShares. Summary RWA deposits more than tripled yearly to $7.4 billion while total DeFi deposits declined 15%. Tokenized asset spot volumes rose 220% as broader decentralized exchange activity fell approximately 70% yearly. Nearly 70% of RWA deposits sat on Ethereum lending venues, reinforcing its established liquidity advantage. TradeXYZ’s RWA perpetual volume increased about twentyfold since launch, while open interest continued growing steadily. CoinShares measured RWA yields between 3.2% and 5.5%, reflecting different collateral and strategy risks overall. Over the same period, total DeFi deposits fell about 15% as investors withdrew funds and crypto prices weakened. The data marks a shift from token issuance toward active financial use. CoinShares said the onchain market value of tokenized funds, stocks and commodities had already passed $40 billion. The $7.4 billion figure covers assets deployed in lending and trading venues, rather than the sector’s entire issued...