Trading volumes in tokenized stocks and ETFs routed through 1inch’s integration with Ondo have exceeded $2.5 billion since the partnership launched in September 2025. Data from Dune Analytics and a Cointelegraph release show real-world assets (RWAs) are now the fastest-growing volume category on 1inch, even though they still represent a minority of total flow. 1inch co-founder Sergei Kunz said the trend is clear and continuing despite weakness in the broader crypto market.
Most activity is on BNB Chain, where about $2 billion in volume occurred across roughly 1.3 million transactions, with peak active users near 24,800 in a single period. Kunz attributed BNB Chain’s dominance to a low-friction user experience and broad retail distribution, noting RWA trading is happening “faster and more retail-sized than on Ethereum.” He added that both retail and advanced traders are participating, with a typical swap size of about $1,400—evidence, he said, of meaningful capital rather than test traffic.
Top tokens by volume include major traditional-finance names: Nvidia ($354 million), Tesla ($332 million), Google ($249 million), Netflix ($98 million), and silver among non-equities ($225 million).
The milestone arrives as tokenized RWAs emerge as a consistent growth area in crypto. Ethereum’s RWA total value locked (TVL) has approached $15 billion, up roughly 200% over the past year. Tokenized U.S. Treasuries have been a major contributor, with market cap rising by more than $1 billion since the start of 2026—a roughly 50x increase since 2024—as offerings like BlackRock’s BUIDL fund bring traditional fixed income on-chain.
Infrastructure and tokenization projects have drawn fresh venture capital, with RWA-focused firms among 2025’s biggest fundraising winners. On-chain RWA markets climbed about 13.5% over 30 days during a period when the wider crypto market lost roughly $1 trillion in value.
1inch’s Ondo integration illustrates how aggregators can serve as distribution rails for regulated RWA issuers. Kunz emphasized that 1inch remains non-custodial and does not issue RWAs; issuer-level controls handle eligibility and jurisdiction, while 1inch focuses on routing, APIs and disclosures.
Looking forward, Kunz expects RWAs to make a larger leap once liquidity depth, standards and regulatory clarity improve, at which point tokenized assets could operate as everyday “financial plumbing” on DeFi rails rather than as a niche product.
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