RWA tokens, memecoins post gains in crypto rebound

The market cap of real-world asset (RWA) tokens now stands at $5.54 billion, an increase of over 31% in the last 24 hours, according to CoinGecko data.

Among the top five tokens in the RWA token subsector, the biggest gainers were POLYX

+9.05%
the native token of The Polymesh blockchain, which surged 86.5%, Centrifuge, which saw a 46.5% rise, and Ondo, which saw a 33% increase in the last 24 hours.

Polymesh is a blockchain project designed specifically for security tokens and is one of several protocols involved in real-world asset tokenization, where rights to an asset are converted into digital tokens on a blockchain.

Real-world assets encompass a wide range of tangible and intangible assets, from physical properties to patents and copyrights. The tokenization of real-world assets promises to revolutionize the way these assets are managed and traded, a change that could lead to increased liquidity, accessibility and efficiency in asset management.

Memecoin Market Cap Rally

The memecoin market cap has also increased, gaining 16.0% in the last 24 hours, according to CoinGecko. data.

All top five memecoins by market cap in CoinGecko memecoin market cap category saw double-digit gains over the past 24 hours, with the exception of Shiba Inu, which saw a more modest 7% increase over the same period.

Floki, among the top five memecoins by market capitalization, demonstrated the most notable rally over the past 24 hours, rising more than 38%, as of 6:19 a.m. ET, according to The block prices page.

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