RWA & DeFi
BlockInsider Take on RWA this Week: CARDS Triumphs
CARDS outpaces major RWA tokens as Binance and Circle challenge established leaders, reshaping the tokenized asset market this week.
1d ago 4,280
BLOCKINSIDERLoadingCARDS outpaces major RWA tokens as Binance and Circle challenge established leaders, reshaping the tokenized asset market this week.
The real-world asset market is shifting fast this week, as new challengers close in on long-time leaders across tokenized stocks and RWA coins.
Binance is pushing hard against Ondo's dominance, Circle is gaining ground on Securitize, and Collector Crypto (CARDS) has quietly outrun every major RWA token, rising sharply while most others barely moved.
The competition between bStocks on Binance and Ondo is intensifying this week. Binance's tokenized stocks have reached a value of $771.5 million, closing in fast on the long-time market leader in the sector.
Ondo has held strong dominance over the RWA tokenization market for a long time, currently leading at $880.8 million in total value. While Ondo is on track to cross the $1 billion mark, it could soon be outpaced by Binance's rapidly growing RWA asset base.
Data shows Binance has also been leading the race in market cap growth by chain within the tokenized stocks market this week.
BNB Chain leads with over $1.1 billion added, roughly 36% of the $3.06 billion gained across five major chains tracked this week. Ethereum and Solana are almost level, adding $756.6 million and $716.8 million respectively, each accounting for about a quarter of the total growth.
Avalanche added $279.4 million during the same period, while Arbitrum One trailed behind with $203.2 million, rounding out the five-chain comparison overall.
Circle Internet Group, issuer of the USDC stablecoin, is closing in on taking the top spot from Securitize in the tokenized stocks market.
Securitize has long led the sector, with underlying assets valued at $349.4 million, but Circle has been catching up quickly this week. Circle currently represents $309.9 million worth of tokenized assets, narrowing the gap between the two firms to under $40 million overall.
Strategy sits third on the list, but at a value of $189 million, it remains far from challenging Circle for second place soon.
Elsewhere, Binance is leading the tokenized stocks market in terms of total asset holders, a metric that has grown sharply over recent weeks.
Binance now counts over 16.81 million asset holders, well ahead of Robinhood's 13.10 million, according to the latest available figures this week.
However, Robinhood reached its figure in just over a month, while Binance has taken considerably longer to build its current holder base overall. Analysts caution that holder counts alone do not always reflect trading volume or total platform liquidity.
Among RWA crypto coins tracked this week, Collector Crypto (CARDS) emerged as the standout performer, outpacing every other major token in the sector.
Rising by 30.14% over the past week, CARDS is currently trading at $0.18058, having secured the 50% Fibonacci line as key support. The Ichimoku Cloud is showing bullish momentum, suggesting further upside may still lie ahead for CARDS in the coming trading sessions this week.
Securing the 61.8% Fibonacci line as support would strengthen the case for CARDS crossing the psychological $0.20000 mark in the near term. The token has already flipped its 20-day EMA into support, a technical signal often seen as confirmation of an emerging bullish trend.
Analysts tracking the chart note that momentum indicators remain firmly in favour of buyers, with volume also ticking upward alongside the price move.
As Binance, Circle, and CARDS all chip away at established leaders, this week’s RWA market looks less settled than it has in months. Whether Ondo and Securitize can hold their ground, or CARDS can sustain its rally past key resistance, will shape the sector's next chapter. Retail interest in tokenized real-world assets appears far from slowing down.
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