Base Coinbase’s OP-Stack rollup has quietly become the largest RWA (real-world asset) hub in crypto. It is now second only to Ethereum itself. We’re proud that Base has now locked in an astounding $14.3 billion across the network, a truly phenomenal 173% growth this year alone. With close to $13.7 billion secured in total value across bridges and native assets, Base is solidifying its position as a titan in the evolving landscape of tokenized assets. We have several projects already building natively on Base, drawn by its distinct benefits and the strong ecosystem it offers.
The tokenized-asset sector on Base has boomed in 2024 to $23 billion, up 260%. Three major trends drive this expansion. The platform is known for its low settlement costs, native liquidity access, as well as backing from Coinbase. This move places Base at the forefront of compliant asset issuance in the quickly growing RWA sector.
Base's Unique Ecosystem and RWA Integration
Base sets itself apart from other Layer-2 solutions by developing an ecosystem with a higher number of native assets and encouraging direct project launches. With Coinbase’s backing, these factors combine to provide regulated-asset issuers with a unique first mover advantage. Its solid brand and extensive compliance model only add to that advantage.
A number of other projects are already using Base’s unique capabilities to disrupt the old guard of finance. Untangled Finance uses Base for invoice-backed credit pools, making lending and borrowing easier and more efficient. Morpho uses an innovative strategy on Base that turns idle USDC into the synthetic USDO, automatically accruing risk-free rates. This commit has involved OpenEden rolling out its tokenized T-bill products to Base, as part of the wider chain’s focus on attracting yield-seeking DAOs.
Tangible, a real estate marketplace, currently has almost $43 million in tokenized property, wine, and gold under management. This year, they are hoping to make the leap to a Base vault. This decision highlights Base’s attractiveness for companies looking to use blockchain tech to tokenize real-world assets. Tangible hopes that leveraging Base for its marketplace of real estate will drastically reduce settlement costs and access native liquidity.
Notable Projects and Market Performance
This broad success of projects building on Base has been manifest in the great market performance of their tokens. Another token on Base had an impressive rise from $0.22 to $1.18, a 435% gain. But it only briefly crossed $600 million in circulating market cap after making its debut in early May.
Keeta, a collaboration on Base, exploded eight times over in only two weeks. This increase was a combination of its recent listing on BitMart and strong investor appetite for compliant Layer-1 solutions. These opportunities showcase the upside for growth, development, and innovation within the Base ecosystem.
Future Milestones and RWA Adoption
Looking forward, Base still has a few big milestones to look for in the next 12 months. These range from the ability for RWA-backed stablecoins to supplant non-yielding tokens in money market instruments, the implementation of automated KYC wallets that would make permissioned pools for institutions possible, and the implementation of cross-margin RWA collateral.
These moves enact a series of changes that should greatly accelerate the pace of RWA adoption on Base. This is what will cement its place as the best platform out there connecting the traditional finance world with the decentralized one. The expansion of the tokenized-asset industry on Base is a testament to the burgeoning demand for real-world assets in the crypto ecosystem.
