News - Real World Assets were the most profitable sector in Q2 2024

By Mike Hesp

Real World Assets were the most profitable sector in Q2 2024

Slight growth in RWA, mild decline in memecoins, collapse in AI Coins: These are the worst and best performers of Q2 2024.

RWA tokens grew an average of about 28 percent in the second quarter of 2024.

This is evident from a analysis of Artemis, a data aggregator for cryptocurrencies.

With this, the sector gains the industry's crown in a quarter of weak growth. RWA stands for Real World Assets, the tokenization of real assets.

Stocks, real estate, luxury items and art: The tokenization of anything and everything is considered one of the biggest and most lucrative crypto trends for 2024 and the near future.

Removed from the throne: the memecoins. They were still the winners in the first quarter of 2024, with returns of more than 1,000 percent. Now they have surrendered an average of 36 percent.

The hardest hit are AI Coins, with an average loss in value of 60 percent. Also hit hard is DeFi on Bitcoin, such as the briefly hyped Runes. Again, a drop of about 60 percent on average has been seen.

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