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Following
DOGE 
LINK 
PEPE 
TRUMP 
XLM 
PUMP The real-world asset market surged 48.7% to US$71.02 billion, but almost all of the increase came from a single asset
The real-world asset (RWA) market value surged by US$23.26 billion in 24 hours, while the memin sector fell. Among them, Figure Heloc (FIGR_HELOC) contributed almost all of the increase, while the rest of the assets were basically flat.
Key Points
The total market value of the RWA market increased by US$23.26 billion in 24 hours, while the memin sector fell by approximately 2.3% to US$32.82 billion. Figure Heloc's single asset is valued at US$22.81 billion, accounting for approximately 32% of the total market value of the RWA sector. The tokenized stock market remains small, at just $8.25 billion.
If Figure Heloc is not taken into account, the market value of this sector will remain at US$48.21 billion, only an increase of about 0.96% from the previous day, far from forming a broad upward trend.
Figure Heloc's impact
data showed that the RWA sector increased by US$23.26 billion in one day, while the memin sector fell by about 2.3% to US$32.82 billion. Figure Heloc is valued at US$22.81 billion, equivalent to approximately 32% of the total market value of the RWA sector. The tokenized stock market remains small, at just $8.25 billion.
Figure is a Nevada lender that was listed on Nasdaq in September 2025. Over the past year, it has revenue of US$619 million and net income of US$191 million. Figure Heloc represents Figure's home-equity credit line issued through the Provenance blockchain, with a valuation of $22.81 billion that is approximately 2.5 times the market value of Figure's $8.66 billion stock. The 24-hour transaction volume of the token is only US$14.9 million, accounting for approximately 0.065% of its market value.
Background of the memin market
Liquidity data shows that the memin market is more active. The sector's 24-hour trading volume accounts for 13.2% of the market value, while RWA assets account for only 4%. DOGE, Pump.fun and TRUMP all fell on Monday.
Data shows that there is a gap of approximately US$60 billion between the value of tokenized assets and liquidity on the chain, involving approximately 7000 products, most of which are inactive. When large assets are newly added to the statistics, market values may rise, even if trading demand changes little.
But judging from the performance of the seventh day, the situation is different: official Trump rose 73.5%, Pump.fun rose 66.3%, Pepe Coin (PEPE) rose 54.2%, while Stellar Coin (XLM) and Chain Link (LINK) rose 22.1% and 21.9% respectively. The 24-hour trading volume of memecoin also reached US$4.35 billion, far exceeding the US$2.82 billion of RWA tokens, indicating that RWA's one-day lead does not reflect a stronger weekly trading trend.
