ZkSync Era leads RWA market cap growth by $77M in 24 hours

ZkSync Era just posted the largest single-day gain in real-world asset market cap among tracked blockchain networks, adding $76.9 million in 24 hours. For a layer-2 network that most retail traders still associate primarily with DeFi yield farming, the number tells a different story about where institutional capital is actually flowing. The jump brings zkSync Era’s total represented asset value to roughly $2.22 billion, according to data from RWA.xyz. That figure puts it firmly behind only Ethereum itself in the race to become the preferred rails for tokenized traditional assets. The numbers behind the surge ZkSync Era’s distributed asset value, the portion of tokenized assets actively deployed on the network, sits at $959 million. That figure is actually down 1.25% over the past 30 days, which makes the sudden daily spike all the more striking. The represented asset value of $2.22 billion, meanwhile, ticked up 1.01% over the same monthly window. The gap between distributed and represented value matters: it suggests a significant portion of assets are tokenized and recorded on zkSync Era but not yet fully circulating or deployed in on-chain protocols. The network currently tracks 5...