Dune: 19–21% of tokenized credit assets are pledged in DeFi lending protocols
- —19–21% of tokenized credit supply is deposited in lending protocols
- —Only 0.4% of cash-like assets are used as collateral
- —Data as of August 31, 2026, from Dune's Q3 2026 RWA report
- —Centrifuge's claimed two-week inflow lacks figures or methodology
Why it matters: Tokenized credit is becoming the dominant RWA collateral in DeFi, but a high deposit ratio says little about actual borrowing demand or credit quality.
Source: TokenPost