Real Estate, Infrastructure, Lending Sectors Lead Market Climb
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📡 Market Sonar |
Tokenized Commodities and Treasuries are today’s leading sectors while Lending, Infrastructure, and Bonds incur heavy losses as investors recoup losses.
COMMODITIES……….. +44.5
TREASURIES…………… +0.2
LENDING………………… –29.6
INFRASTRUCTURE…… –31.8
BONDS…………………… –10.8
Source: CoinGecko
📊 Sector Activity |
Commodities:
The Real Estate sector leads the top five RWA commodities by market cap. Propy (PRO) and Polymath (POLY) have risen a combined 39.9% in the last 24 hours in the real estate sector. In September the traditional real estate market achieved a 75.8 index rating for pending home sales with a 7.4% month-over-month rise in home sales, according to the NAR.
Meanwhile, Polymath’s price has benefited twofold, from both the Monetary Authority of Singapore’s Project Guardian promoting tokenized asset liquidity and the Bank of International Settlement codifying G20 rules for digital asset security.
Infrastructure:
With the exception of MANTRA (OM), the top Infrastructure tokens by market cap dropped amid the recent market correction. With bitcoin (BTC) and Ethereum (ETH) reaching new all-time highs traders cashed out, putting downward pressure on Layer 1 tokens.
Lending:
Centrifuge (CFG) leads the RWA Infrastructure sector after a report from Tren Finance was published today. Tren Finance, a Proof-of-Liquidity protocol, concluded the following about CFG:
“Centrifuge bridges the gap between real-world assets and DeFi […] This unique position boosts liquidity and opens up new possibilities for asset financing, making real-world assets more accessible to DeFi investors and protocols.”
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