自2024年初以來，在仲裁網絡上，現實世界中資產（RWA）的總價值飆升了1,000倍。

從去年1月初，仲裁的$ 100,000到$ 200,000，仲裁現在擁有超過2億美元的令牌RWA。

The total value of real-world assets (RWAs) on the Arbitrum network has surged over 1,000-fold since the start of 2024.

自2024年初以來，在仲裁網絡上，現實世界中資產（RWA）的總價值飆升了1,000倍。

From a modest $100,000 to $200,000 in early January last year, Arbitrum now hosts more than $200 million in tokenized RWAs. This reflects one of the most explosive growth trajectories in decentralized finance (DeFi) this year.

從去年1月初，仲裁的$ 100,000到$ 200,000，仲裁現在擁有超過2億美元的令牌RWA。這反映了今年分散的金融（DEFI）中最爆炸性的增長軌蹟之一。

RWA Total Value on Arbitrum Increases 1,000X

RWA仲裁的總價值增加了​​1,000x

This exponential expansion is largely attributed to Arbitrum DAO’s Stable Treasury Endowment Program (STEP), which is currently in its 2.0 phase. The program allocated 85 million ARB tokens to support stable, liquid, yield-generating RWAs.

這種指數擴展在很大程度上歸因於DOINTUM DAO的穩定國庫捐贈計劃（步驟），該計劃目前處於其2.0階段。該計劃分配了8500萬ARB代​​幣，以支持穩定的液體，產生產生的RWA。

“The DAO just approved 35M ARB for RWAs via STEP 2.0. This brings the total RWA investments from the DAO treasury to 85M ARB, one of the largest DAO-led RWA allocations in Web3,” Arbitrum said in February.

“ DAO剛剛通過步驟2.0批准了RWAS的3500萬ARB。這將RWA總投資從DAO財政部提高到了8500萬ARB，這是Web3中最大的DAO RWA分配之一。”

The strategy aims to reduce the DAO’s exposure to volatile native crypto assets and help build a more resilient treasury, and it appears to be yielding results.

該策略旨在減少DAO暴露於揮發性的本地加密資產，並有助於建立更具彈性的財政部，並且似乎正在產生結果。

US Treasuries dominate Arbitrum’s RWA ecosystem, making up 97% of the sector. Franklin Templeton’s BENJI leads the pack, which holds a 36% market share, followed by SPIKO’s European treasuries, accounting for 18%.

美國國庫占主導地位的索引，佔該行業的97％。富蘭克林·鄧普頓（Franklin Templeton）的本吉（Benji）領先，該公司擁有36％的市場份額，其次是Spiko的歐洲國庫，佔18％。

This diversification beyond US-centric instruments is a healthy sign for global institutional engagement with Arbitrum.

以美國為中心的工具以外的多元化是全球機構與仲裁的健康信號。

“The eco welcomes global diversification beyond US instruments,” The Learning Pill remarked.

“生態歡迎超越美國工具的全球多元化。”

New entrants like Dinari have also added to the ecosystem’s momentum, offering tokenized versions of traditional securities, such as stocks, ETFs (exchange-traded funds), andREITs via its dShares platform.

迪納里（Dinari）等新參與者還增加了生態系統的勢頭，提供了傳統證券的令牌版本，例如股票，ETF（交易所交易基金），Andreits通過其DSHARES平台。

More than 18 tokenized RWA products live on Arbitrum, covering various asset classes from bonds to real estate. Arbitrum itself highlighted this institutional influx on X (Twitter).

超過18個令牌RWA產品持續使用仲裁，涵蓋了從債券到房地產的各種資產類別。仲裁本身強調了X上的機構湧入（Twitter）。

“RWA and Stablecoin adoption on Arbitrum has been monumental! Some of the largest institutions are bringing their tokenized assets to the land of liquidity with $4.7 billion in Stablecoins and over $214 million in RWAs already onchain,” the network stated.

該網絡說：“ RWA和Stablecoin對仲裁的採用是巨大的！一些最大的機構將其令牌資產帶到流動性的土地上，有47億美元的stablecoins和超過2.14億美元的RWAS已經OnChain。”

Teams like Securitize, DigiFT, and SPIKO are tokenizing everything from sovereign debt to real estate portfolios, signaling the early formation of a new financial substrate.

像Securitize，Digift和Spiko這樣的團隊都將從主權債務到房地產投資組合的一切都表示，這表明了新的金融基材的早期形成。

However, despite the strong ecosystem development, ARB, the network’s native token, is down 88% from its all-time high.

然而，儘管生態系統發展強勁，但該網絡的本地令牌ARB比歷史最高的高度下降了88％。

Further downside pressure looms, with a 92.63 million ARB token unlock imminent. With only 46% of the total supply currently in circulation, concerns about dilution and lack of direct token accrual from RWA growth remain key market overhangs.

進一步的下行壓力隱約可見，即將解鎖9263萬ARB令牌。目前只有46％的供應量的46％，對RWA增長的稀釋和缺乏直接令牌應計的擔憂仍然是主要市場。

Tokenized RWA Cross $11 Billion, Ethereum Dominates Onchain Finance Frontier

令牌RWA交叉110億美元，以太坊統治Onchain Finance Frontier

Beyond Arbitrum, the broader real-world asset sector has quietly become one of the most significant trends in crypto, even if it does not dominate headlines.

除了仲裁之外，更廣泛的現實資產部門已經悄悄地成為加密貨幣中最重要的趨勢之一，即使它不主導頭條新聞。

According to DeFiLlama, on-chain RWAs have surpassed $11.169 billion in total value locked, up 2.5X over the past year.

根據Defillama的說法，鏈RWA的總價值超過了11.69億美元，在過去的一年中增長了2.5倍。

Tokenized US Treasuries and tokenized gold are the engines behind this boom. BlackRock’s BUIDL fund now holds over $2.38 billion in tokenized Treasuries alone. Meanwhile, blockchain-based gold assets, driven by both market demand and rising metal prices, have crossed $1.2 billion, according to a recent BeInCrypto report.

象徵化的美國國庫和象徵性的黃金是這種繁榮的引擎。 BlackRock的Buidl基金現在僅持有超過23.8億美元的代幣化國債。同時，根據最近的一份BeinCrypto報告，基於市場需求和金屬價格上漲的基於區塊鏈的黃金資產已經超過12億美元。

Ethereum remains in the frontline, hosting approximately 80% of all on-chain RWAs. As TradFi giants seek programmable exposure to dollar yields and real assets, Ethereum offers the infrastructure and liquidity needed to bridge capital markets with blockchain rails.

以太坊保持一線，約有80％的鍊鍊RWA。隨著Tradfi巨頭尋求可編程的美元收益率和真實資產，以太坊提供了用區塊鍊軌道架起資本市場所需的基礎設施和流動性。

“The top RWA protocols aren’t chasing crypto narratives. They are offering something TradFi understands: yield, dollar exposure, and gold. This is not the future of DeFi. It’s the future of finance,” DeFi analyst Patrick Scott observed.

Defi分析師帕特里克·斯科特（Patrick Scott）觀察到：“頂級RWA協議並沒有追逐加密貨幣的敘述。他們提供了Tradfi理解的東西：收益率，美元敞口和黃金。這不是Defi的未來。這是財務的未來。”

Builders point out that adoption is already deeply embedded in on-chain-native applications like Pendle, Morpho, Frax, and various automated market makers (AMMs) and staking layers. The “real yield” thesis has arrived, coded into the new financial system’s base layer.

建築商指出，採用已經深深地嵌入了Pendle，Morpho，Frax和各種自動化的做市商（AMM）和Staking Layers等鏈新應用中。 “真正的收益率”論文已經到了，並編碼為新的金融體系的基礎層。

“The TradFi narrative is nice, but the adoption so far is on-chain-native,” DeFi builder Artem Tolkachev noted.

“ Tradfi敘述很好，但是到目前為止的採用是鏈的，” Defi Builder Artem Tolkachev指出。

While flashy DeFi experiments often mimic casinos, RWAs show that slow, stable, and scalable wins the race.

儘管經常進行浮華的Defi實驗模仿賭場，但RWA表明，緩慢，穩定且可擴展的勝利贏得了比賽。

The next frontier lies in improving access, liquidity, and incentives, particularly on non-Ethereum chains like Arbitrum, where the technical groundwork is strong,

下一個邊界在於改善獲取，流動性和激勵措施，特別是在技術基礎工作強大的仲裁等非室內鏈中，