Bitfinex Blog/
The T-Bill Beats The Lending Pool?
Tokenized real-world assets (RWAs), particularly Treasury funds, are increasingly replacing traditional DeFi lending pools as preferred collateral due to higher risk-adjusted yields and lower smart contract risk. While DeFi TVL has fluctuated, RWA deposits grew from $2.3 billion to $7.4 billion between Q2 2025 and Q2 2026, with assets like BUIDL and USTBL gaining traction on platforms like Aave and Morpho.
Read the original report at Bitfinex BlogWhy It Matters
The shift toward RWAs indicates a structural change in DeFi where yield is increasingly driven by traditional financial benchmarks (like US Treasury rates) rather than crypto-native borrowing demand, potentially altering the revenue models of DeFi protocols.