Miles Deucher Predicts Significant Growth in RWA Sector for 2024

Miles Deucher, a well-known specialist in the cryptocurrency field, has shared his insights regarding the most hyped sector within the crypto landscape for the year 2024 – the tokenization of real-world assets (RWA). Deucher predicts that this sector will witness a significant surge in value, potentially driving up the prices of certain virtual assets by twentyfold or more.

Deucher's optimism stems from his belief that the RWA sector holds immense potential. He points out that the global bond market is valued at over $130 trillion, and if RWA can capture even a fraction of this market, it could unlock substantial liquidity for the cryptocurrency ecosystem. Furthermore, these assets include real estate, commodities, artwork, and various other tangible assets.

According to Deucher, blockchain technology simplifies data transmission and asset division, making markets more accessible to all participants. He emphasizes that the returns from the decentralized finance (DeFi) sector in cryptocurrencies are decreasing, making tokenization of real-world assets a potential avenue for generating profits.

Deucher asserts that projects based on Ethereum, Arbitrum, Solana, Injective, and Avalanche are likely to be the most successful in this sector. Additionally, Chainlink is expected to play a pivotal role as the primary oracle in RWA. The researcher also highlights several products in this space that deserve attention.

For example, he mentions Pendle, a platform for liquidity and yield farming, as well as On-Do Finance, a digital securities platform offering institutional-level rewards. M Two is another platform focused on enhancing liquidity and returns. Deucher notes that M2 allows users to store virtual assets, trade in local currencies, and accept fiat payments. He describes Frax Finance as a powerful force in decentralized finance, offering features such as a second-layer network, lending and borrowing platform, its own stablecoin, and various mechanics.