RWA onchain market cap hit ~$22B, but only ~$2.1B sits in DeFi. That's a 9.4% utilization rate.

> Tokenized T-Bills and gold make up the bulk of RWA issuance, but most tokens just sit idle without DeFi composability.

> The ~$20B gap between issued and DeFi-active RWAs is the biggest untapped opportunity in crypto.