What has the market looked like this week?

Sunday is here.

Welcome back to another newsletter from us at The Merge.

Read Time: 4 Minutes

Global Market Overview

Real World Assets on-chain (excl stablecoins) are worth $13.12b (↑3.65% from last month).

There are 60,819 Total Asset Holders (↑3.37% from last month).

• $166.16b is in Stablecoins

• $8.53b is within Private Credit

• $1.87b is in US Treasury Debt

• $872.86m is in tokenised Commodities

• $21.79m is in Global Bonds

• $5.66m is in tokenised Stocks

The top 3 networks are 🥇Ethereum ($91.8b in Total Value Locked) 🥈Tron ($61.6b in TVL) & 🥉Binance Smart Chain ($5b in TVL).

Fancy taking a look for yourself? Check it out here.

So, what’s being tokenised this week?

Private Credit

Currently, there is $8.53b in active value loans & $13.36b total loan value across all protocols.

As of today, the top 3 current protocols with outstanding loans are🥇Figure ($7.9b) 🥈Centrifuge ($286m) & 🥉Maple Finance ($171m).

Stablecoins

Currently, the market cap of stablecoins is $166.16b (↑2% from last month).

As of today, it makes up 0.8% (↑2% from last month) of all M2 Money Supply with Monthly Transfer Volume totalling $1.18 trillion (↓34.28% from last month).

The top 3 current entities are 🥇Tether ($114.1b)🥈Circle ($34.3b) &🥉Maker DAO ($4.9b).

Commodities

Currently, the market cap of commodities is $872.86m (↑3.05% from last month).

As of today, the Monthly Transfer Volume totals $132.56m (↓21.35% from last month) with 55.46k addresses that are current holders.

The top 3 current entities are 🥇Paxos ($446.2m)🥈Tether ($398.75m) &🥉Aurus ($17.48m).

Bonds

Currently, the total value of bonds is $21.79m (↓0.14% from last week).

As of today, the Average Yield to Maturity is 5.6% with 0.067 years in Weighted Average Maturity. There is a total of 17 Holders (↓5.88% from last week).

The top 2 current entities are 🥇Backed Finance ($20.50m)🥈OpenTrade ($1.28m).

Stocks

Currently, the total value of stocks is $5.66m (↑21.03% from last month).

As of today, the Monthly Transfer Volume totals $769.84k (↑126.1% from last month) with 76 Active Addresses and 692 Current Holders.

The top 3 current entities are 🥇Coinbase Global ($3.02m)🥈Nvidia Corp ($1.16m)🥉 iShares Core S&P 500 ($1.05m).

Weekly Resource List

🌐 RWA.xyz: On-Chain RWA Analytics - NEW

Explore tokenised real-world assets and the investors, issuers and service providers participating in public blockchains. View protocol statistics, industry aggregate metrics, and the issuers all in one place (link)

🔎 Santiment: Crypto Intelligence Tool - NEW

A behaviour analytics platform for crypto, sourcing on-chain, social and development information on thousands of coins, including market signals. For RWA’s insights check out this (link) 

🔐 Coinbase Wallet: All-in-one easy-to-use crypto wallet - NEW

You’ve more than likely heard and probably used Coinbase, so no introduction is needed. This is by far one of the easiest and non-crypto native wallets to be picked up and used by anyone. They even have a ‘Simple Mode’ for beginners. (link) 

🔭 DeBank: Web3 Portfolio Tracker

When it’s difficult to keep track of what’s where - just sync up any of your wallets and see within seconds where things are. This new gem of a tool we stumbled across gives you a holistic overview of all your holdings across multiple blockchains in one place (link)

👻 Phantom Wallet: Multi-Chain Crypto Wallet

Becoming a favourite wallet to use across crypto. An easy-to-navigate cross-chain compatible wallet (you can use it for SOL & ETH etc) with a user interface that beats most of the competition out of the ballpark (link)

🦇 Arkham Insights: Smart Money Insights

An investment tool if you want to understand where ‘Smart Money’ (aka the market makers) are placing their bets then make sure to check it out (link) 

🦎 CoinGecko: Crypto Data and Analysis Platform

Keep up to date with prices, trading volumes, and crucial crypto data (link)

That’s it!

As always, thanks for reading.

Hit reply and let us know what you found most helpful this week —we’d love to hear from you!

See you next Sunday,

Merge