Rising More than Threefold to $33.5B, institutions Like BlackRock and the DTCC Push Forward.
Despite that fact, these are not significant numbers: 56% of large tokenized assets have zero weekly transfers and only \~10% are deployed to DeFi.
This divergence between market cap growth and real world usage begs the question, is this actual adoption or just sleepy custody as an initial phase until onchain use eventually scales?