Gold, Precious Metals Dominate Real-World Assets On Blockchain: Is This A Sign Of Things To Come?
Portfolio Pulse from Murtuza Merchant
The value of real-world assets (RWAs) on-chain has reached an all-time high of $3.1 billion, surpassing the previous record of $2.75 billion set in April 2022. Gold and precious metals account for 37.3% of this value, followed by money markets, treasuries, and private credit. The growth in RWAs was primarily driven by on-chain demand for off-chain sources of yield. Validators have amassed a cumulative 187k Ethereum (CRYPTO: ETH) in MEV rewards in 2023, averaging 776 Ethereum daily.
September 14, 2023 | 5:37 pm
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The report highlights that validators have amassed a cumulative 187k Ethereum (CRYPTO: ETH) in MEV rewards in 2023, averaging 776 Ethereum daily. However, there has been a noticeable decline in these rewards, attributed to a lag in adopting MEV boost software.
The news mentions Ethereum in the context of MEV rewards for validators. While the cumulative rewards are significant, there has been a recent decline, which could potentially impact the demand for Ethereum. However, the overall impact on Ethereum's price is uncertain, hence the neutral score.
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IMPORTANCE 60
RELEVANCE 50