The Defiant·
Most Tokenized Cash Never Trades, Dune Finds

$34.5B
tokenized RWA value
Tokenized real-world assets reached $34.5 billion at the end of August, according to a Dune report published Wednesday. Tokenized Treasury funds make up half of it and turned over 0.006% of supply that month. Equities, 8% of the market,…