The RWA Narrative Strengthens! Altcoins to Watch in the Remaining Days of July

The RWA Narrative Strengthens! Altcoins to Watch in the Remaining Days of July; Real World Assets (RWA) focused cryptocurrencies have seen significant growth and volatility in recent months. This area, which involves the tokenization of physical assets and properties via blockchain technology, has experienced dynamic fluctuations in market value. The figure, which reached nearly $9 billion earlier this year, has recently dropped to around $6 billion due to a broader market correction in the cryptocurrency environment. Among various players in this field, some stand out with notable performances and future growth potential. Here are those cryptocurrencies.

Ondo Finance (ONDO)

Ondo Finance (ONDO), with a market cap of approximately $1.4 billion and a trading price around $1, is currently the largest cryptocurrency in the RWA sector. Launched in January 2024, Ondo quickly gained prominence, reaching an all-time high of about $1.50 in June. BinanceTR offers a prize pool worth 21 Million TL! Participating and winning has never been easier. Join BinanceTR through this link and get your first crypto!

Ondo serves as the governance token for Ondo Finance, a New York-based company focused on tokenizing traditional financial assets like bonds and U.S. Treasury securities. This rapid rise, followed by a market correction, makes Ondo a cryptocurrency to watch.

Mantra (OM) and Pendle (PENDLE)

Mantra (OM), with a market cap exceeding $700 million, is another significant player in the RWA market. Launched in August 2020, Mantra reached its peak price of $1.09 last month. Despite the overall decline in the cryptocurrency market, OM has seen a remarkable annual increase of 3,000%, making it one of the top 100 cryptocurrencies in recent gains.

Pendle (PENDLE) focuses on fixed incomes and yield tokenization, offering decentralized financial services. Designed to operate across multiple blockchains, Pendle incorporates automated market making for efficient trading. Pendle hit an all-time high of over $7 in April this year. However, it was heavily affected by the recent market crash and is currently trading around $3.80.

Chromia (CHR)

Chromia (CHR) offers a different value proposition as a blockchain platform and cryptocurrency developed to provide scalable and decentralized infrastructure for decentralized applications (dApps) and games. Chromia’s price reversed negative market trends, surpassing the $0.26 mark with a daily increase of 8%.

This rally coincided with Chromia joining the AWS Partner Network, significantly boosting its visibility and accessibility. The Chromia team highlighted this achievement, stating it will connect Chromia’s infrastructure to the AWS Marketplace, accessed by millions of customers. Additionally, the release of Chromia’s MVP Mainnet on July 16 is expected to further strengthen its market position.