A fair bit of real-world assets (RWAs) activity has been taking place on the Ethereum network and especially its layer 2 network, Polygon crypto.
Recent data revealed that Polygon has been pulling ahead as one of the preferred networks for tokenized bonds.
A report published by Dune and RWA.xyz revealed that the Polygon network managed to secure a lead in the budding tokenized bonds market. The report noted that Polygon had secured a 62% lead in the segment.
Source: X
According to the report, Euro and U.S dollar denominated bonds were the most popular bonds on Polygon.
It also revealed that both Polygon and Ethereum controlled about 29% (each) of the tokenized bonds market.
The total value locked for tokenized U.S bonds USTBL has been growing aggressively and it recently pushed above $140 million.
Polygon’s performance in terms of tokenized bonds growth was not a fluke but rather the result of the Ethereum layer 2 dynamics.
RWA Growth on Polygon Underscores Layer 2 Ef
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