
Composable TradFi: RWAs in DeFi
Mapping the growth of RWAs in DeFi
DeFi is becoming the operating layer for digital asset finance: vaults, lending markets, stablecoins, tokenised collateral, and structured yield products. Castle Labs tracks the infrastructure making that transition real, from Morpho and Aave to the curator model, RWA collateral, and the products that connect offchain capital to onchain execution. The reader question is practical: which systems are becoming durable financial infrastructure, and which are still yield theatre?
key figures as of 2026-07-07 · refreshed daily

Mapping the growth of RWAs in DeFi

While most metrics are down across the board, the RWA sector is the only one showing consistent growth, with tokenised stocks among the fastest-growing RWA categories right now.

Vaults are becoming DeFi's default entry point for institutions

From Neobanks to Onchain Banks — research from Castle Labs.

PLUS: Pendle's Road to DeFi Domination

69 Trillion: The Tokenisation Opportunity — research from Castle Labs.

The Fight for Yield is Over: Making DeFi More Accessible — research from Castle Labs.

DeFi Will Win — research from Castle Labs.

Harmonix Finance: Innovating Yield Generation on HyperEVM and HIP-3 Markets — research from Castle Labs.

OpenEden: On The EDEN Token, Roadmap and Bringing more RWAs Onchain — research from Castle Labs.

Mantle's RWA Push: Over $150k in Builder Prizes in their Global Hackathon — research from Castle Labs.

Upshift: Institutional-Grade Yield Strategies for the Masses — research from Castle Labs.

This comprehensive report covers the oracle infrastructure behind top onchain money markets.

First we infiltrate, then we conquer.

Castle Lending Series: Part I

Loopscale: Order book lending on Solana — research from Castle Labs.

On RWAs and Institutional-Grade Assets: The Case of OpenEden — research from Castle Labs.

A deep dive into all the current proposals for the USDH stablecoin

Fluid: DeFi's New Dominator — research from Castle Labs.

Stablecoin Chains: Which Blockchain is Best Placed to Capitalize on the Stablecoin Revolution? — research from Castle Labs.

A Deep Dive Into Arbitrum's RWA Sector — research from Castle Labs.

Stablecoin Adoption and Regional Usage in 2024 and 2025: What Changed? — research from Castle Labs.

A Comparative Ecosystem Analysis of Arbitrum's Positioning in DeFi — research from Castle Labs.

PLUS: Many Arbitrum Ecosystem Updates - Orbits, RWA, and more

The Castle Chronicle: Volume 71

PLUS: A New Product Testing Feature!

PLUS: A Look at Ethereum Interop with Arbitrum

The Castle Chronicle: Volume 82

PLUS: Stablecoin Trends and Bittensor Incentivization

PLUS: Why Market Makers are Doubling Down on the Craziest Tokens

A Castle Research Report

A Castle Research Report

The Castle Chronicle: Volume 47

A Castle Research Report

Castle Research: An Introduction to DeFi Options

The Castle Chronicle: Volume 36

A Castle Research Report