Tokenized commodities in DeFi reach $133M as Aave dominates with 51% market share

1 hour ago 1



Tokenized commodities actively deposited in decentralized finance protocols have hit $133.3 million, according to Token Terminal data. That number might sound modest next to the multi-billion dollar tokenized commodities market overall, but it marks a meaningful shift: real-world assets aren’t just sitting in wallets anymore. They’re being put to work. Aave commands 51.3% of those deposits, making it the clear front-runner. Uniswap follows with 34.7%. Together, the two protocols account for 86% of all tokenized commodity activity in DeFi. Two protocols, one story The split between Aave and Uniswap reflects the two primary use cases for tokenized commodities in DeFi: lending and trading. Aave’s dominance stems from its role as a lending protocol, where users deposit tokenized gold and other commodity tokens as collateral to borrow stablecoins. Uniswap’s share, meanwhile, comes from liquidity provision. Users park their tokenized commodity tokens in trading pools, earning fees every time someone swaps in or out. Why $133M matters more than it looks This figure only captures tokenized commodities that are actively being used as collateral or liquidity in DeFi protocols. The broader to...

Read Entire Article