DeFi Overall Deposits Decline 15%, RWA Deposits Rise Against Trend to $7.4 Billion

TechFlow News, August 7, according to BeInCrypto, the latest report released by CoinShares in collaboration with Token Terminal shows that over the past year (Q2 2025 to Q2 2026), the deposit size of tokenized real-world assets (RWA) in the DeFi sector grew from $2.3 billion to $7.4 billion, a year-on-year increase of more than twofold, while total DeFi deposits declined by approximately 15% during the same period.

Growth was mainly concentrated in yield-bearing products, including tokenized government bonds and multi-strategy funds (such as JTRSY, BUIDL, sUSDS), with Aave, Morpho, and Kamino providing the deepest liquidity. Meanwhile, on-chain RWA spot trading volume increased by approximately 220% year-on-year, while native crypto spot trading volume on decentralized exchanges fell by approximately 70%.