Foreign media reported that Centrifuge has recently continued its decline, with a 14% single-day drop bringing the cumulative loss over the past 30 days to over 30%. Alongside the weakening of individual tokens, overall trading activity among RWA issuers has also noticeably cooled, with market sentiment in the sector rapidly declining from its earlier highs.
Trading activity in the RWA sector has significantly cooled down.
The report cited data showing that Centrifuge's token trading volume over the past 30 days decreased by 7.5% to approximately $685 million. Daily CFG trading volume has dropped to just $15 million, a significant decline from the May high of $64 million.
Trading volume for broader RWA issuer tokens has also declined, dropping from $1.406 billion to a monthly low of $198 million, before slightly recovering to approximately $424 million—still far below the previous peak of around $6 billion.
The article suggests that this change reflects a broader decline in trading interest across the RWA sector, rather than pressure on a single project.
On-chain metrics for Centrifuge have generally declined.
In addition to price, several other metrics for Centrifuge saw double-digit declines. Its asset market cap fell 15% to approximately $1.3 billion, though the number of holders continues to rise.
Daily active sending addresses dropped to four, a 42% decrease from previous levels. However, on a monthly basis, this metric remains above the level at the start of the month. Meanwhile, the total value of asset transfers deployed on Centrifuge declined by 43% over the past 30 days to approximately $1.2 billion, with JTRSY experiencing a particularly notable decline, accounting for around $870 million in related transfers.
Foreign media are paying attention to its performance below $0.20
The article also noted that after CFG broke below the support of the uptrend, its price weakness was further confirmed. Since transitioning to a bearish zone on May 22, short-term rebounds have failed to alter the dominance of selling pressure.
The Relative Strength Index briefly dropped to 23.45, entering oversold territory, and showed early signs of recovery. However, foreign media believe that if the price remains weak after falling below $0.20, the market may continue testing lower demand zones.
The report notes that the $0.12 to $0.14 range is considered a significant demand zone below, as this level previously marked the start of CFG’s earlier rally and pushed the price above $0.35. Only if the price reclaims and stabilizes above $0.20 might the current downtrend temporarily slow.