July RWA Sector Leads Crypto Narratives, On-Chain Market Cap Surpasses $32.2 Billion to Set New All-Time High

TechFlow reports, July 28, according to CryptoRank data, in July, the Real World Asset (RWA) token sector led major crypto market narratives, with a median return rate reaching 10%. As of July 24, the market cap on RWA chains increased to $32.2 billion, up 12.3% from early July, surpassing the previous historical high set in April. This indicates that traditional asset tokenization remains one of the key themes of the crypto market in July.