2 underrated metrics from @DefiLlama that matter for RWA adoption:
1) DeFi active tvl: Shows what % of tokenized assets are being used vs. just custodied. Currently: Only $1.15B of $13.9B RWA market cap is deployed in protocols (that's 8%!). 92% of "onchain" institutional assets are sitting idle... we haven't solved for productive capital deployment yet.
2) Active mkt cap: strips out treasury/team addresses to show what's actually circulating. Ex: TBLLx shows $529M total vs $100K active... this implies either permissionless wrappers aren't gaining traction, or reserved capacity hasn't converted to real deployment.
The spread b/t these metrics reveals the real work: it's not issuance (we have $20B tokenized), it's utility. Until RWAs can be collateralized, looped, & composed in DeFi easily/without breaking compliance, they're just expensive databases.
We don't need the 47th T-bill token... we need infra that makes the first 46 productive.

TBLL tokenized ETF (xStock) (TBLLX)
$ 106.24 (TBLLX/USD)
0.00%
24H
TBLL tokenized ETF (xStock) Live Kursdaten
Der heutige Preis von TBLL tokenized ETF (xStock) ist $ 106.24 (TBLLX/USD). Mit einer Marktkapitalisierung von $ 26.27M USD. 24-Stunden-Handelsvolumen von $ 112.08 USD, Eine 24-Stunden-Preisänderung von +0.00%, Sowie einer Umlaufmenge von 247.25K TBLLX.
TBLL tokenized ETF (xStock) TBLLX Preisverlauf USD
Verfolgen Sie den Preis von TBLL tokenized ETF (xStock) für heute, 7 Tage, 30 Tage und 90 Tage
Zeitraum
Ändern
Veränderung (%)
Heute
$ 0
0.00%
7Tage
$ 0.45
0.43%
30Tage
$ 0.45
0.43%
90Tage
$ 0.45
0.43%
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TBLL tokenized ETF (xStock) Marktinformationen
$ 106.24 24-Std.-Bereich $ 106.25
Allzeithoch
$ 106.25
Allzeittief
$ 104.92
24-Std.-Veränderung
0.00%
Menge 24 Std.
$ 112.08
Zirkulierendes Angebot
247.25K
TBLLX
Marktobergrenze
$ 26.27M
Nettomenge
--
Vollständig verwässerte Marktobergrenze
$ 26.27M
Handel TBLLX
Verdienen
Setzen Sie Ihre ungenutzten Kryptowährungen ein und erzielen Sie passives Einkommen durch Ersparnisse, Staking und mehr.TBLL tokenized ETF (xStock) X Insight
Only 8% of RWA are active; need to improve on-chain utilization and real circulating market cap.
Which RWAs are actually being used in DeFi? Which are true permissionless assets and which are ledger entries?
Introducing the new DefiLlama RWA dashboard.
450+ RWAs tracked & classified by:
* Transferability
* Redeemability
* KYC requirements
* Self custody options
* Asset class
Plus two new metrics: DeFi Active TVL & Active Marketcap.
DeFi Active TVL represents the proportion of an asset that’s actually being used in DeFi and not sitting idle, to clearly gauge whether they’re productive.
Active Marketcap is the portion of a coin's marketcap that excludes internal addresses such as treasuries and team addresses, to show what’s in users’ hands onchain rather than closed loops or internal bookkeeping.
2026-02-13 17:27
Trend von TBLLX nach Veröffentlichung
Bärisch
Only 8% of RWA are active; need to improve on-chain utilization and real circulating market cap.
Über TBLL tokenized ETF (xStock)
TBLL tokenized ETF (xStock) (TBLLX) is a cryptocurrency and operates on the Solana platform. TBLL tokenized ETF (xStock) has a current supply of 247,250. The last known price of TBLL tokenized ETF (xStock) is 106.17 USD and is down -0.01 over the last 24 hours. It is currently trading on 1 active market(s) with $65.98 traded over the last 24 hours. More information can be found at https://xstocks.com.
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