Real-world assets (RWAs) have overtaken decentralized exchanges (DEXs) to claim the fifth-largest spot in DeFi by TVL at $17 billion, per DefiLlama data. Surging from outside the top 10 earlier in 2025, this growth reflects strong institutional adoption driven by tokenized Treasurys and private credit. RWAs DeFi TVL surged to $17 billion, surpassing DEXs and [...]