Accelerated On-chain Inflows Highlight Digital Finance Dynamic
Whether you’re a seasoned crypto enthusiast or a newcomer attracted to the lure of digital financial markets, one fact is crystal clear – on-chain inflows aren’t just growing; they are rapidly amplifying. As the world engrosses in the digitalization of every realm, the trend is becoming more evident in the crypto markets as well.
An apt representation of this trend is the monumental growth witnessed by the real-world asset (RWA) fund run by WisdomTree, a renowned provider of exchange-traded products (ETPs). The fund, referred to as the WisdomTree Government Money Market Digital Fund (WTGXX), has seen a meteoric rise in its value over the recent three-month period, hitting an all-time high last week.
WTGXX Growth: Defying Expectations
WTGXX, a digital fund that represents tokenized U.S. treasuries across different blockchain networks, added a staggering $330 million to its value in merely one day last week. This increase took its total locked value to over $931 million as of August 18. The striking increase of funds locked in WTGXX represents a 90% upsurge over the past month and an astounding 722% augmentation since May according to data from RWAxyz.
The primary blockchain network housing the fund is Ethereum, with a whooping $919 million of the fund’s total value locked (TVL) on Ethereum, the second-largest blockchain network worldwide. The rest of WTGXX is dispersed across other networks like Arbitrum and Stellar.
The RWA Market: Exponential Growth
The RWA market has been on a rollercoaster over the last two years. It witnessed its value accelerating from $8.6 billion in early 2024 to a whopping $26.6 billion by August 2025. This uptick in the market is driven by tokenized private credit loans that currently represent 59% of the total RWA market. Further fuel to this surging growth has been added on by on-chain tokenized treasury funds like WTGXX and BlackRock’s ambitious undertaking, BUIDL.
Largest Tokenized Treasury Funds
BUIDL reigns the market as the most prominent tokenized treasury fund with $2.4 billion in assets under management (AUM). WTGXX is not too far behind, placing third in the market, thanks to its recent TVL surge.
The growth in WTGXX occurs alongside mushrooming expansion across the digital finance landscape influenced significantly by Ethereum’s recent robust price trends. In the past week, the Ethereum and Solana ecosystems have reached never-before-seen highs. At the same time, decentralized finance (DeFi) lending markets clocked in their all-time highs as capital continues to pour onto the blockchain.
Centrifuge Surpasses $1 Billion Mark
Centrifuge, a platform for RWA tokenization, recently went past the coveted $1 billion mark in TVL. This marked milestone further accelerates the perception that the broader RWA market is heating up, matching strides with, and sometimes outdoing, conventional financial markets.
The leaps and bounds that on-chain inflows continue to make are surely turning heads. As the cryptoverse continues to shock, surprise and innovate, it’s a trend that’s expected to gather steam, promising exciting times for investors, both seasoned and new.
