"The RWA token does seem to have potential, so you can take a look first."
Real-world assets (RWA) emerged as a promising cryptocurrency market that bridges the gap between traditional finance and the world of digital assets that aim to recognize RWA such as real estate, commodities and financial instruments.
Here are the top three RWA cryptos that investors can watch this month after looking at their development activity and growth potential:
Chainlink (LINK)
LINK is an oracle network that allows smart contracts to securely access off-chain data has managed to take the top spot among crypto RWAs in terms of development activity.
Please note that the high level of development activity shows that the LINK team is not only actively working on expanding the platform's capabilities but also integrating it with more RWAs.
Synthetix (SNX)
Synthetix (SNX) is a platform that allows the creation of synthetic assets where they mimic the value of RWA such as stocks, commodities or currencies allowing investors to gain exposure to the asset without owning it directly.
Following a strong focus on development and a growing ecosystem, SNX is well positioned to capitalize on the growing demand for tokenized RWA.
The price of SNX which is currently trading at 4.89% is still seeing a 5.04% decline in the last 24 hours with a market capitalization of over $855 million and has fallen by about 0.27% over the past week.
Centrifuge (CFG)
CFG, a platform that allows tokenizations of RWA and the creation of asset-backed pools has unlocked liquidity for RWA by connecting it to a decentralized financial ecosystem (DeFi) that enables more efficient and accessible financing opportunities.
Due to its development and growing network of partners, CFG is well positioned to play an important role in the future of asset financing.
Currently, CFG price plunged by 1.89% at $0.68 in the last 24 hours with a market capitalization of over $336 million but still recorded a 6.22% climb in the last seven days.
