The real-world asset market jumped 48.7% to $71.02 billion, but nearly the entire increase came from Figure Heloc (FIGR_HELOC) entering the category rather than broad buying.
Key Points:
- RWA market capitalization rose $23.26 billion in 24 hours, while meme coins declined.
- Figure Heloc accounted for almost the entire increase, leaving the rest of the sector nearly flat.
- Seven-day price performance still favored several major meme coins.
Figure Heloc Impact
Data showed the RWA category adding $23.26 billion in one day, while meme coins fell about 2.3% to $32.82 billion. Figure Heloc alone was valued at $22.81 billion, equal to roughly 32% of the RWA category. Tokenized equities remained much smaller at $8.25 billion, while MicroStrategy xStock rose 27.9% over seven days because the listed shares it tracks also advanced.
Without Figure Heloc, the sector would have stood at $48.21 billion, compared with $47.75 billion a day earlier, a gain of only about 0.96%. That was not a broad rally.
Figure, a Nevada lender that listed on Nasdaq in Sept. 2025, earned $191 million on $619 million of revenue over the past year. Figure Heloc represents home equity credit lines issued by Figure on the Provenance blockchain, and its $22.81 billion value was roughly 2.5 times Figure's $8.66 billion stock-market value. The token recorded just $14.9 million in 24-hour turnover, about 0.065% of its value.
Also Read: Pi Network Ends 0.25 PI App Fee, And Not Every Creator Is Spared
Meme Coin Context
Liquidity data showed a more active meme coin market, with the sector trading 13.2% of its capitalization in 24 hours versus 4% for RWA assets. Dogecoin (DOGE), Pump.fun (PUMP) and Official Trump (TRUMP) all fell Monday.
BeInCrypto Intelligence tracked the gap between tokenized asset value and on-chain liquidity, finding roughly $60 billion across about 7,000 products, most of which remained inactive. Market capitalization can rise when a large asset is newly counted even if trading demand barely changes.
The seven-day picture was different: Official Trump gained 73.5%, Pump.fun rose 66.3% and Pepe (PEPE) climbed 54.2%, while Stellar (XLM) and Chainlink (LINK) rose 22.1% and 21.9%. Meme coins also generated $4.35 billion in turnover against $2.82 billion for RWA tokens, showing the one-day RWA lead did not reflect the stronger weekly trading trend.
Read Next: OpenAI Faces Alabama Subpoena With 16 Requests Over Hugging Face Hack
