Polymesh (POLYX) — the tokenized, asset-trading, blockchain platform — saw a whopping 80% boost in price on Thursday, following BlackRock's foray into the real-world asset (RWA) sector.
The real-world assets narrative is heating up as the entire category soars by 35%. Polymesh leads the way with impressive gains on Thursday. Tokenized treasury products saw a 641% growth in 2023. Polymesh — the tokenized, asset-trading, blockchain platform — saw a whopping 80% boost in price on Thursday, following BlackRock's foray into the real-world asset sector. This has caused crypto tokens in the RWA sector to riseas they look to be the next bullish narrative.
-hour chart Also read:Dogecoin soars nearly 20% after Coinbase announces listing of DOGE derivatives A few hours after RWA tokens started pumping, Coingecko released its RWA report, Rise of Real-World Assets. The report's key highlights include tokenized treasury products growing to 641% in 2023 and commodity-backed tokens reaching $1.1 billion in market capitalization — all indicating bullishness for the RWA sector.
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