DeFi· ★★★· neutral·

Dune: Tokenized Cash Assets Hit $17.8B, but Only 0.006% Traded in August

  • —Tokenized cash assets total $17.8B, with over 95% in US Treasuries and MMFs
  • —Only 0.006% of cash-asset supply traded in August
  • —Tokenized gold holdings rose 73% YoY to 36 tonnes
  • —19–21% of tokenized credit assets served as DeFi collateral, versus 0.4% for cash assets
Why it matters: The gap between issuance size and trading activity shows on-chain asset totals alone do not reflect real liquidity or redemption capacity.
Source: TokenPost
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