Summarize the on-chain data and fundamentals of various projects in the current RWA track.

Top RWA projects' growth and financial milestones (by March 2026)
$CFG
TVL: $1.234 billion
Core: Private equity lending continues to expand, Q1 fee revenue hits a new high, maintaining the leading position in on-chain lending
PLUME
Core: Real estate + carbon credit modules launched, multi-chain driving RWA inflow +25%
MORPHO
TVL: $7.014 billion
Core: RWA collateralized lending explodes (+3x), institutions start using government bonds as collateral to leverage, reaching new income highs
$LINK
TVL: $275 million (RWA data layer)
Core: Oracles benefit from RWA pricing premiums, becoming data providers for institutional assets
POLYX
TVL: $152 million
Core: Compliance track explodes, securities tokens + fund on-chain acceleration
$ONDO
TVL: $2.848 billion
Core: Adding another $20 billion in US Treasuries + credit assets, continuous inflow of institutional money (with BlackRock background), reaching new AUM highs
XLM
TVL: Low
Core: Cross-border payments + stablecoins + RWA trio, institutions start genuine usage
AVAX
TVL: $78.7 million (RWA portion)
Core: RWA subnet trading volume significantly increases, on-chain begins to see “real asset flows”
XDC
TVL: Very low
Core: Slowly developing trade finance and supply chain sectors, focusing on traditional finance applications
XVS
TVL: $189 million
Core: RWA collateralized lending stabilizes, beginning to generate sustainable revenue
The only three projects truly worth paying attention to in the RWA track are: CFG MORPHO ONDO #创作者冲榜