- Chainlink (LINK) has become the most mentioned Real-World Asset (RWA) on social media with a total of 10.85k mentions.
- The top five most mentioned RWA assets included Hedera (HBAR), Avalanche (AVAX), Injective (INJ) and VeChain (VET).
Real World Assets (RWA) have reached an impressive level in terms of social mentions as their presence across the various interactive platforms increases significantly. This has been confirmed by LunarCrush Analytics and shared by an X page that focuses on RWA updates – Real World Asset Watchlist.
According to the latest update, Chainlink (LINK) topped the list of RWA assets with the most social mentions (10.85k). Fascinatingly, this has had a marginal impact on its 1-hour price chart, extending its weekly gains to 22%. However, the asset is 1% down in the last 24 hours and 14% down in the last 30 days. At press time, LINK was trading at $16.89. Our recent analysis estimates that the asset could hit $52 this cycle.
The second RWA asset with the most social mentions is Hedera (HBAR). According to the data, its social mentions increased by 2% to 7.53k. However, this has failed to reflect in its price as it has declined by 0.55% in the last 24 hours. Meanwhile, HBAR’s weekly return remains 32% up as it trades at $0.25 at press time.
Avalanche (AVAX) came third on the list with 7.42k social mentions. While this metric saw a 2.8% surge, its price has declined by 5% in the last 24 hours, maintaining a 0.1% surge on the weekly price chart. Currently, AVAX trades at $20.6 with a market cap of $8.5 billion.
The top five were completed by Injective (INJ) and VeChain (VET), which recorded 6.32k and 4.78k social mentions, respectively. Similar to the top three assets, the prices of these tokens failed to reflect on this development as INJ declined by 2.9% in the last 24 hours while VET fell by 0.99% within the same period.
Dominance of the RWA Tokens
Several other cryptos pulled impressive numbers with the likes of Internet Computer, Ondo, Algorand, Maker, and Quant making the top 10. The RWA tokens have maintained this dominance in the past couple of months, as a similar compilation in February showed high social engagement. As highlighted in our previous article, Chainlink led the category with 2.52 million engagements. This far outweighed the likes of ONDO and Hedera.
According to analysts’ interpretation, the high social engagement and mentions indicate extremely heavy community participation in social posts. The engagement specifically involved shares, likes, comments, bookmarks, etc.
The RWA assets also emerged as one of the dominant sectors in the crypto industry in 2024. Basically, Chainlink, Avalanche, and VeChain recorded several key milestones. Chainlink, for instance, announced groundbreaking support for Matrixport and TUSD while its decentralized oracle ensured the accuracy and trustworthiness of data representing physical assets on the blockchain.
Additionally, VeChain has also achieved major technological progress within the RWA sector in addition to multiple high-profile partnerships, as earlier mentioned in our report.
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