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) Données sur les prix en temps réel
Le prix de TBLL tokenized ETF (xStock) aujourd'hui est $ 106.24 (TBLLX/USD). Avec une capitalisation boursière de $ 26.27M USD. Volume de trading de $ 112.08 USD sur 24 heures, Un changement de prix de +0.00% sur 24 heures, Et une réserve circulante de 247.25K TBLLX.
TBLL tokenized ETF (xStock) TBLLX Historique des prix USD
Suivez le prix de TBLL tokenized ETF (xStock) aujourd’hui, dans 7 jours, 30 jours et 90 jours
Période
Modifier
Variation (en pourcentage)
Aujourd'hui
$ 0
0.00%
7Jours
$ 0.45
0.43%
30Jours
$ 0.45
0.43%
90Jours
$ 0.45
0.43%
Possédez TBLLX dès maintenant
Achetez et vendez TBLLX facilement et en toute sécurité sur BitMart.
TBLL tokenized ETF (xStock) Informations sur le marché
$ 106.24 Fourchette de prix sur 24 heures $ 106.25
Record absolu
$ 106.25
Plus bas niveau jamais atteint
$ 104.92
Variation sur 24 heures
0.00%
Volume sur 24 h
$ 112.08
Approvisionnement en circulation
247.25K
TBLLX
Capitalisation boursière
$ 26.27M
Approvisionnement maximal
--
Capitalisation boursière entièrement diluée
$ 26.27M
Trader TBLLX
Gagner
Faites fructifier vos cryptomonnaies et générez des revenus passifs grâce à l'épargne, au staking, et plus encore.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
Tendance de TBLLX après le lancement
Baissier
Only 8% of RWA are active; need to improve on-chain utilization and real circulating market cap.
À propos 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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