According to ME News, on March 11th (UTC+8), CoinFound data shows: Commodities Market Cap: $7.6 billion Government Bond Market Cap: $1.71 billion Institutional Fund Market Cap: $2.77 billion Private Lending Market Cap: $39.65 billion US Treasury Market Cap: $11.28 billion Corporate Bond Market Cap: $23.76 billion Tokenized Equity Market Cap: $1.78 billion Market Dynamics: Tokenized equity on-chain size surpasses $1 billion, Ondo Finance holds approximately 58% market share Bybit TradFi adds 40 new equity listings today, including Morgan Stanley EU releases draft guidelines on on-chain auditing of private lending and non-standard RWA Tokenized gold on on-chain DEXs TVL (Total Value Locked) hits a new high Summary: Continuous inflows of institutional funds are the core driving force, with significant cumulative amounts invested in private lending, US Treasury bonds, and corporate bonds. The RWA (Real-Time Weapon) sector has moved beyond the "early concept experiment" stage and officially become a core infrastructure for the integration of traditional finance (TradFi) and Web3. (Source: ME)