RWAs have been part of DeFi for a very long time as Maker DAO and other protocols have adopted RWAs in some way or another. However, it was the end of 2022, and 2023 that RWAs really gained significant popularity. The ecosystem has seen new products such as tokenized T-bills, commodities, and real estate, and lately, with the launch of Manta and Blast, we have seen chains adopting yield-bearing stablecoins as their base stablecoin. I didn’t even mention TradFi institutions that are trying to ...