Trading volume in tokenized stocks and exchange-traded funds (ETFs) driven by 1inch’s integration with Ondo has reached $2.5 billion since the partnership launched in September 2025.
According to data published in Dune Analytics and a joint publication with Cointelegraph, real assets (RWAs) are now the fastest growing category of 1 inch volume. While they still make up a minority of the overall flow, 1inch co-founder Sergey Kunz told Cointelegraph that “the direction of travel is clear” and shows no signs of slowing down despite the broader crypto downturn.
Most of the activity takes place on the BNB (BNB) chain, which has generated around $2 billion in volume related to 1.3 million transactions, with a maximum of 24,800 active users per cycle.
The combination of poor user experience and massive retail distribution made BNB Chain “a natural place for RWA to operate,” Kunz said, adding that it “happens faster and more retail than Ethereum (ETH).”
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He added that both retail and advanced users are trading RWA, with a typical swap size of around $1,400, which he says reflects “real capital deployed with intent” rather than test traffic.
The most popular tokens at the moment are well-known traditional financial names such as Nvidia ($354 million), Tesla ($332 million), Google ($249 million) and Netflix ($98 million), as well as silver among real assets ($225 million).
Tokenized RWAs defy decline as Ethereum approaches $15 billion
The milestone comes as tokenized RWAs emerge as one of the few consistent crypto growth stories. The total value of Ethereum Blocked RWA (TVL) has reached nearly $15 billion, a nearly 200% increase over the past year.
U.S. tokenized Treasuries were a major driver of this growth, with a market value of more than $1 billion since the start of 2026, up nearly 50 times from 2024, as products like BlackRock’s BUIDL fund help attract traditional fixed income.
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At the same time, tokenized RWAs and the infrastructure behind them continued to attract new capital. RWA tokenization projects were among the biggest winners in crypto venture funding in 2025, while onchain RWA markets rose nearly 13.5% in 30 days, when the broader crypto market was valued at nearly $1 trillion.
RWAs are becoming the everyday DeFi plumbing
Ondo 1inch integration shows how aggregators become distribution rails for regulated RWA emitters. Kunz said 1inch remains non-custodial and does not provide RWA itself, with compliance and jurisdictional controls implemented at the issuer level, while it focuses on routing, application programming interfaces (APIs) and disclosure.
Looking ahead, Kunz sees RWAs becoming the “next leap forward” only when the depth of liquidity, standards and regulatory clarity are matched, and at that point he expects tokenized assets to function as daily rails for “financial plumbing in DeFi” rather than a bookmaker.
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