KEYTAKEAWAYS
- Monad testnet added 14M+ new addresses in a week, showing strong growth and EVM compatibility.
- RWA sector breaks $10B TVL, marking a major step in DeFi–TradFi integration.
- Stablecoin market cap exceeds $230B, led by USDT and USDC amid rising demand.
CONTENT
MONAD TESTNET SURPASSES 25 MILLION ADDRESSES
March 21 – On-chain data shows that Monad’s testnet has now surpassed 25 million total addresses. In the past 7 days alone, around 14.41 million new addresses were added. Total transactions have also crossed 400 million.
Analysis:
Monad is a high-performance Layer 1 blockchain aiming to significantly improve transaction speed and scalability while staying decentralized. It’s 100% compatible with the Ethereum Virtual Machine (EVM), making it easy for Ethereum-based smart contracts and dApps to migrate seamlessly to Monad.
RWA SECTOR TVL BREAKS $10 BILLION
March 21 – According to DefiLlama, the Real World Assets (RWA) sector has reached a Total Value Locked (TVL) of over $10 billion, growing 6.16% in the past week. This makes RWA the 7th DeFi sector to reach $10B. Top contributors include Maker RWA, BlackRock BUIDL, Ethena USDtb, and Ondo Finance, each with over $1B TVL.
Analysis:
RWA brings real-world assets like bonds, real estate, and private credit onto blockchains. This boosts liquidity, transparency, and global accessibility, making RWA a key bridge between DeFi and traditional finance.
With $10B in TVL just the beginning, the World Economic Forum once estimated that 10% of global GDP (~$24 trillion) could be tokenized by 2027 — making RWA a potential multi-trillion-dollar market in the future.
STABLECOIN MARKET CAP TOPS $230 BILLION FOR THE FIRST TIME
March 21 – As per DefiLlama, the total market cap of stablecoins has reached $230.45 billion, with $2.3 billion added in the past 7 days. Compared to a year ago, that’s a 56% increase.
Tether’s USDT leads with nearly $144 billion in market cap (62.6% share), followed by Circle’s USDC at $59 billion.
Analysis:
Most centralized stablecoins like USDT and USDC expand based on demand. As long as they are backed by reserves (e.g., cash or government bonds), they can mint unlimited tokens. Tether and Circle continue to issue more tokens to meet growing usage and liquidity needs.
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