Web3 market research

ArtCollecting, together with its partners, continues to develop web3 projects: a platform on the Polygon blockchain, an application on the Ethereum blockchain for issuing NFTs and RWA, and an AI application for art authentication. The results of the marketing team's work formed the basis of the research.

Visit NFT Platform

Buy Web3 market research (USD, Euro or MATIC)

Buy Web3 market research (USDT)

Buy Web3 market research (Rubles)

The article content

• About the research
• Content of the research
• RWA in the world
• RWA in Russia (DFA)

About

Key findings:

• The RWA (Real World Assets) market showed explosive growth in 2024. The RWA market turnover grew to $500 billion, compared to $80 billion in the NFT market.
• The demand for issuing digital financial assets (DFAs) in the art market increased by 20%.
• The total capitalization of stablecoins grew by 45% compared to the previous year, reaching $200 billion.

In 2024, the tokenized real-world assets (RWA) market demonstrated unprecedented growth, driven by increasing investor interest in the digitization of traditional assets such as real estate, precious metals, art, and even debt obligations.

In this collection, you will find up-to-date and verified information on the key areas of web3 market development. We have conducted an analysis that will help you stay informed about trends and make informed decisions. The focus is on the prospects of the web3 market and forecasting its development. ??

Content

Results 2024 and trends 2025

• Web3 Market Overview
• Smart Contracts and Their Use in Enterprises
• Decentralized Finance (DeFi)
• Decentralized Applications (DApps)
• Decentralized Autonomous Organizations (DAO)
• Real Estate Asset and Value Tokenization (RWA)
• Non-Fungible Tokens (NFT)
• Web3 Development Prospects and Innovations

Investments in web3

• Investments and financing of Web3 projects
• Overview of projects and activities of venture studios
• Overview of projects and activities of venture funds
• Overview of projects and activities of industry investors
• Overview of projects and activities of accelerators

Participants in the services market

• Overview of the market of services for web3 companies: capacity, turnover
• Marketing agencies: dynamics of demand for services
• Law firms: dynamics of demand for services
• Developers: dynamics of demand for outstaffing and outsourcing
• Conference organizers: choice of topics and speakers
• Overview of educational services

Web3 products

• Cryptocurrencies and their ecosystems
• Consensus mechanisms
• Cryptographic protocols and security
• Networks and data transfer protocols
• Identification and authentication in Web3
• Payment systems and Web3 currencies
• Scaling and network performance
• Ecosystems and development platforms
• Metaverses and digital spaces

Web3 regulation

• Regulation and Legal Aspects of Web3
• Legal Changes in the Russian Federation
• Legal Changes in the EU
• Legal Changes and Court Cases in the USA

RWA in the world

The tokenized real-world assets (RWA) market showed significant growth in 2024, becoming one of the most promising areas in the blockchain industry.

1. Market Capitalization, Turnover, and Growth Estimates

• Estimates of the RWA market capitalization range from $10 billion to $70 billion, which is due to different valuation methodologies and data heterogeneity (e.g., whether or not stablecoins pegged to real-world assets are included in RWA).
• Estimates of RWA market turnover also vary: from $30 billion to $450 billion. This is also related to market segmentation issues.
• RWA market funding is estimated to range from $3.2 billion to $6 billion. It exceeded NFT market funding in 2024.
• Growth rate estimates range from 60% to 200% (year-on-year), highlighting its rapid development, especially in the second half of 2024.
• The data spread is partly explained by the novelty of the RWA market, which began to actively develop only by the end of 2024. In the first quarter, the market was still nascent, making it difficult to accurately assess its parameters.

2. RWA Market Capitalization

• The total RWA market capitalization grew to $63 billion (average figure based on a survey of investment analysts).
• The most impressive growth occurred in the last three months: capitalization increased by 144% compared to the previous quarter.
• This surge is attributed to the active adoption of real-world asset tokenization in traditional financial systems and blockchain ecosystems

. Value of Real-World Assets (RWA)

• The total value of tokenized real-world assets reached $17.3 billion.
• Over the last three months, the value of RWA increased by 13%, and by 96% over the year.
• The growth in asset value confirms the increasing interest of investors in the tokenization of real estate, commodities, securities, and other tangible assets.

4. Market Leaders in RWA

Among the leaders in the RWA market are the following projects:

• Franklin Templeton
• Ondo
• Matrixdock
• Backed
• Hashnote
• OpenEden
• Superstate

5. Use of RWA in DeFi Protocols

RWA are actively used in DeFi protocols, especially those focused on lending and borrowing. Among the leaders in this area are:

• Maple
• Truefi
• Centrifuge
• Clearpool
• Credix
• Florence Finance

6. Regenerative Finance (ReFi)

• The RWA market includes regenerative finance (ReFi), which aims to address social and environmental issues using blockchain technologies.
• ReFi projects represent a new sector even in traditional finance (TradFi) but are already actively developing in blockchain ecosystems.
• Examples of ReFi projects include funding for environmental initiatives, social programs, and sustainable development.

Key Takeaways

• The RWA market showed significant growth in 2024, especially in the second half of the year.
• Market capitalization reached $63 billion, and the value of tokenized assets reached $17.3 billion.
• Market leaders include projects such as Franklin Templeton, Ondo, and Matrixdock.
• RWA are actively used in DeFi protocols like Maple and Centrifuge, contributing to increased liquidity and accessibility of real-world assets.
• Regenerative finance (ReFi) is becoming an important direction within the RWA market, combining blockchain technologies with solving social and environmental challenges.

RWA in Russia (DFA)

The digital financial assets (DFA) market in 2024 went through several stages of development, showing periods of both low activity and intensive growth. At the beginning of the year, market volumes remained modest, but by the end of the year, the situation changed dramatically, reaching significant levels. According to the Central Bank of Russia, the total market volume of DFAs for the entire period amounted to 650 billion rubles. Let's look at the key points and trends.

1. Low Volumes at the Beginning of the Year

• In January 2024, the volume of DFA issuances amounted to only 3.8 billion rubles, indicating low market activity.
• In February, volumes slightly increased, reaching 4.9 billion rubles, but remained at a relatively low level.

2. Intensive Growth in the Second Half of the Year

• By the end of 2024, the DFA market showed significant growth, reaching a total volume of 346.5 billion rubles. The total market volume for the entire period of DFA existence, according to the Central Bank, amounted to 650 billion rubles.
• In the second half of the year, a noticeable market activation was observed. In August, the issuance volume amounted to 39.1 billion rubles, marking the first significant signal of growth.
• The peak of activity occurred in September, when the volume of DFA issuances reached 100.7 billion rubles. This was a record month, which became a key driver of market growth.

3. Decline in Volumes in the Fourth Quarter

• After the September peak, issuance volumes began to decline. In October, they amounted to 17.2 billion rubles, and in November — 13.4 billion rubles.
• However, in December, the market showed growth again, reaching a volume of 58.3 billion rubles, indicating a recovery of interest in DFAs.

4. Leaders in the Number of Issuances

• In terms of the number of DFA issuances, the A-Token platform became the leader, having conducted 247 issuances.
• Sberbank took second place with 73 issuances.
• The third place was taken by the Atomyze platform, which conducted 72 issuances.

5. Leaders in Issuance Volume

• In terms of DFA issuance volume, the Masterchain platform became the leader, having attracted 112.2 billion rubles.
• Sberbank took second place with a volume of 82.7 billion rubles.
• The third place was taken by the A-Token platform, which attracted 69.2 billion rubles.

Key Takeaways

• The DFA market in 2024 went through several stages: from low activity at the beginning of the year to record levels in the second half.
• The peak of activity occurred in September, when the issuance volume exceeded 100 billion rubles.
• The market leaders were the Masterchain, Sberbank, and A-Token platforms, which showed the highest volumes of funds raised.
• Despite the decline in volumes in October and November, the growth in December indicates sustained interest in DFAs and the potential for further market development.

Atomyze

• By the beginning of 2024, 152 issuances from 15 high-quality issuers had taken place, including Rostelecom, MTS, Rosbank, GPF Investments, Samolet Plus DFA, and others.
• Norilsk Nickel set a new trend in the market for employee incentive tools: 66,000 employees of the company participated in the "Digital Investor" motivational program. DFAs are traded on the Atomyze platform.
• The "Digital Art" project was launched by the State Hermitage Museum, Atomyze, and Interros.
• A prototype of API integration for the DFA market and classical exchange infrastructure was demonstrated.
• Reward tokens for the multisport tournament "Games of the Future" were issued.
• The Saint Petersburg Currency Exchange (SPCE) and Atomyze executed a pilot transaction with digital financial assets (DFA). This is the first-ever partnership between classical exchange and new blockchain infrastructure.
• DFAs were issued by Siberian Glass LLC, whose business model integrates ESG principles of sustainable resource management.
• Food producer Tradeberry placed digital debt on the Atomyze platform.
• DFAs were issued by mining equipment supplier BitRiver.
• DFAs were issued by Global Factoring Network.
• Digital debt was issued by leasing company Rodelen.
• A venture DFA was issued by the Voskhod Fund.
• DFAs were issued by Gaztranssnab.
• T-Bank and the Atomyze platform announced the launch of "smart assets" — a new direction of investment instruments based on blockchain technology. Transactions with them are automated using smart contracts.

Sber

• DFAs were issued by the developer Glavstroy.
• A lending transaction using DFAs worth 100 million rubles was completed, backed by real collateral.
• DFAs tied to the price of gold were issued.

Lighthouse

• VTB Factoring placed its debut DFA issuance worth 500 million rubles.
• Sibur Holding placed DFAs worth 400 million rubles.
• Absolut Bank and Bank Soyuz joined the Lighthouse financial ecosystem.

Masterchain

• The IT company Universal Blockchain issued the first digital financial assets (DFA) in Russia that comply with the principles of Islamic banking.
• A decision was made to issue DFAs backed by a diamond. The issuer was PC Diamond Club Moscow.
• The non-state pension fund "Budushchee," part of the Region Group of Companies, acquired digital financial assets (DFA) issued by the leasing company "Evolyutsiya" for 100 million rubles.

A-Token

• ReStore DFAs have been issued.
• Finn Flare DFAs have been issued.
• ALROSA DFAs tied to rare investment diamonds have been issued.
• DFAs of Damate Group of Companies have been issued.
• The issue of DFAs for a portfolio of mutual funds has been tested.
• Siberian Glass DFAs have been issued.

DFA Hub (MTS ecosystem)

• DFA Ozon release

Tokeon (Promsvyazbank ecosystem)

• Hybrid digital rights (HDR) for Alicia Intense perfumes have been issued.
• DFR "Aklen Pharm" has been issued.
• DFR "Mr. Flip" (secondary real estate) has been issued.
• Hybrid digital rights (HDR) for the Nikolaev and Sons winery have been issued.
• DFR Goldex has been issued.

Eurofinance Mosnarbank

• Issued by DFA "Sibavtotrans"

Moscow Exchange | NSD

• Wildberries digital financial assets issued
• Art tokenized

Visit NFT Platform

Buy Web3 market research (USD, Euro or MATIC)

Buy Web3 market research (USDT)

Buy Web3 market research (Rubles)