During an in-depth investigation of the Aptos Real-World Assets (RWA) market, we discovered some surprising data. Currently, Aptos ranks third in the total value of RWAs in the crypto market, reaching $723 million. This achievement is impressive, especially considering that the top two positions are held by Ethereum and zkSync Era.

It is not surprising that Ethereum dominates the RWA market, but the performance of zkSync Era has caught our attention. How did this relatively low-profile layer 2 network achieve nearly $2.4 billion in RWA growth? After investigation, we found that nearly 90% of the total locked value (TVL) of RWA on zkSync comes from a project called Tradable. Tradable is an asset tokenization platform that allows institutions to mark and manage assets while complying with regulatory requirements.

However, it is worth noting that although zkSync ranks second in the RWA market share, it is only ranked 61st in DeFillama's DeFi TVL ranking. This phenomenon reflects that the activity in the RWA sector does not directly translate into trading volume and ecological vitality for public chains. This is because RWA assets are typically closed private placement credit certificates that cannot enter open DeFi protocols for circulation.

Turning to Aptos, we see that it has adopted a different strategy. Aptos supports most mainstream RWA protocols, offering a total of 22 tokenized products, primarily focused on the private credit sector. The main difference from zkSync is that Aptos supports more products for large institutions, which may bring more institutional-level participation.

However, if Aptos wants to leverage the popularity of RWA to invigorate its ecosystem, merely relying on existing strategies may not be sufficient. In the future, Aptos needs to further expand the diversity and availability of its RWA products within a compliant framework. At the same time, it also needs to consider how to better integrate RWA with other DeFi products to enhance the overall activity and attractiveness of the ecosystem.

Overall, the RWA market is becoming an important growth point in the blockchain ecosystem. The strategies adopted by different public chains vary, and the key to success lies in finding a balance between compliance, security, and innovation. As the market continues to develop, we will keep an eye on the innovations and progress of Aptos, zkSync, and other public chains in the RWA field.