Since launching their partnership in September 2025, tokenized stock and ETF trading routed through 1inch’s integration with Ondo has surpassed $2.5 billion, according to Dune Analytics and Cointelegraph. Real-world assets (RWAs) are now the fastest-growing volume category on 1inch, even though they still make up a minority of total flow. 1inch co-founder Sergei Kunz said the trend is clear and has continued despite broader weakness across crypto markets.
The bulk of activity is on BNB Chain, which recorded roughly $2 billion in volume across about 1.3 million transactions, with peak concurrent active users near 24,800 in a single period. Kunz attributes BNB Chain’s lead to a low-friction user experience and broad retail distribution, calling RWA trading on BNB “faster and more retail-sized than on Ethereum.” He also noted participation from both retail and more advanced traders, with a typical swap size around $1,400—an indicator, he said, of real capital rather than mere test traffic.
Top tokenized names by volume include Nvidia ($354 million), Tesla ($332 million), Google ($249 million), Netflix ($98 million), and silver among non-equities ($225 million).
The milestone comes as tokenized RWAs have become a consistent growth area across the ecosystem. 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 driver, with market capitalization rising by more than $1 billion since the start of 2026, and a roughly 50x increase since 2024 as institutional offerings like BlackRock’s BUIDL fund bring traditional fixed income on-chain.
Infrastructure and tokenization projects have attracted fresh venture capital, with RWA-focused firms among 2025’s largest fundraisers. On-chain RWA markets rose about 13.5% over a 30-day span while the wider crypto market lost roughly $1 trillion in value during the same period.
1inch’s Ondo integration highlights how DEX aggregators can act as distribution rails for regulated RWA issuers. Kunz emphasized that 1inch remains non-custodial and does not issue RWAs: issuer-level controls determine eligibility and jurisdiction, while 1inch concentrates on routing, APIs and disclosure practices.
Looking ahead, Kunz expects RWAs to scale further once liquidity depth, standardization and regulatory clarity improve. At that point, tokenized assets could move from a niche offering to become everyday financial plumbing on DeFi rails.
This report is based on public analytics and media reporting; readers are encouraged to verify figures independently.