Data: $30.2 Billion in RWA Has Yet to Enter DeFi, On-Chain Asset Utilization Rate at Only 11%

Odaily News: According to DeFiLlama data, as of September 18, the on-chain real-world asset (RWA) management scale was approximately $34 billion, of which only about 11.3% was deployed in DeFi, corresponding to a total value locked (TVL) of approximately $3.84 billion, while the remaining approximately 89% has yet to enter DeFi.

Deployed funds are highly concentrated: private credit accounts for 58% with a TVL of approximately $2.22 billion; bonds, commodities, and equities account for approximately $817 million, $314 million, and $287 million, respectively. These four asset categories together account for nearly 95% of RWA DeFi TVL.