Social Mentions Soar for Chainlink, Hedera, and VeChain as RWAs Gain Steam

• Chainlink pioneers RWA tokenization with decentralized oracles, powering projects like Matrixport and TUSD, and ensuring accurate, tamper-proof data.
• VeChain focuses on innovative RWA projects, including tokenizing human behavior and addressing areas like food safety and carbon credits.

Tokenization of real-world assets (RWAs) is the next big opportunity in the crypto space with some of the top blockchain platforms looking to ride the wave. Platforms like Chainlink, Hedera, and VeChain have the most social mentions for the tokenization of a wide range of assets, such as treasuries to real estate.

According to social analytics platform LunarCrush, Chainlink (LINK), Hedera (HBAR), and VeChain (VET) have emerged as top-performing Real World Asset (RWA) coins in terms of social engagement. LunarCrush data shows Chainlink leading with 10.52K mentions, Hedera claimed the second place with 5.91K mentions,  while VeChain ranked third, recording 5.15K mentions.

Source: LunarCrash

Role of Chainlink In RWA Tokenization

Oracle service provider Chainlink has been playing a crucial role in RWA tokenization while establishing itself as a leading platform in the Web 3 ecosystem. The platform has powered notable projects like Matrixport and TUSD.

Through its decentralized oracle technology, Chainlink ensures the accuracy and reliability of data representing physical assets on the blockchain. For instance, the platform delivers real-time market data to validate the value of tokenized assets while also providing tamper-proof and transparent records for supply chain management.

In the last 24 hours, Chainlink’s native cryptocurrency LINK is up 3.21%, currently trading at $1573, with its market cap surging to $10.23 billion. Over the past month, the altcoin has gained 25%, surging to become the 12th largest cryptocurrency by market cap.

Hedera Expanding Its Role In RWA Tokenization

The HBAR Foundation has officially become a member of the ERC3643 Association, while expanding its footprint in the RWA tokenization market. This partnership goes beyond formalities, opening the door for deeper collaboration with institutions leveraging the ERC-3643 standard. Widely recognized for issuing and managing blockchain-based assets in compliance with regulatory frameworks, ERC-3643 has gained traction in high-profile applications.

This includes key contributions in projects such as the tokenization of green bonds by leading financial institutions, including Citi and ABN AMRO, showcasing its robust utility in the evolving digital asset landscape, as highlighted in the previous report.

HBAR price has been on investors’ radar recently with 17% gains on the monthly chart. Over the weekend, the daily trading volumes have shot up 42% to $186 million.

VeChain’s Role In RWA Tokenization

In an interesting project, VeChain CEO Sunny Lu stated that the blockchain network remains currently focused on tokenizing human behavior. The blockchain platform has played a pivotal role in the tokenization of real-world assets (RWAs) since 2017, while working in areas of food safety and carbon credits.

Sunny Lu emphasized that VeChain is ready to embark on its next major initiative. He is set to deliver a keynote titled “Real Decentralization for Mass Adoption” at Consensus Toronto. The roadmap focuses on transforming human behavior into tokenizable assets.