The RWA narrative keeps getting bigger, but the numbers become much more interesting when you look underneath the headline. @coingecko is currently tracking more than $9.3B in tokenized real world assets, with around $1.4B in 24h trading volume across stocks, commodities, ETFs and other assets. Some tokens are showing double digit gains, but price alone doesn’t tell the full story. A token can be up 10% while having a relatively small market and limited liquidity. That’s why I’m paying attention to the combination of: → Tokenized market cap → Trading volume → Price movement → Asset type → Issuer and individual product Gold is a good example. Tokenized gold alone represents roughly $6B+ in market value, with hundreds of millions in daily volume. The bigger takeaway for me is that RWAs are becoming easier to analyze at the asset level. Instead of treating tokenization as one giant narrative, you can actually compare the assets, issuers, liquidity and performance. With 1,600+ RWAs tracked, @coingecko is making that breakdown much easier to follow. The market is growing. Now the real question is which assets actually develop deep liquidity. 👀