RWA (Allo) 24-hour pump 45.30%

Gate News Bot news, on September 25, according to CoinMarketCap, as of the time of writing, RWA (Allo) is currently priced at 0.01 USD, with a pump of 45.30% in the last 24 hours, peaking at 0.01 USD and dropping to a low of 0.01 USD. The current market capitalization is approximately 19 million USD, an increase of 5.93 million USD compared to yesterday.

Allo is the world's first tokenized stock exchange, allowing users to trade US stocks anytime and anywhere. It offers 24/7 trading, no hidden fees, is fully decentralized, and supports multiple blockchains. Allo eliminates the traditional T+2 settlement cycle, enabling instant trading, and supports self-custody and portfolio management. Currently, over 200 tokenized stocks are online and being traded on certain CEXs, etc.

Recent important news about RWA:

1️⃣ Total value of RWA on Solana chain hits a new high The total value of tokenized real-world assets (RWA) on the Solana chain has risen to $671 million, setting a new all-time high. This rise is partly attributed to over $150 million in funds flowing into BlackRock's BUIDL fund on the Solana chain. This indicates that institutional investors' interest in the RWA space is increasing, which could have a positive impact on the entire RWA market.

2️⃣ Cardano Foundation focuses on supporting RWA development The Cardano Foundation has updated its application roadmap, which includes the launch of a real-world asset (RWA) project with a scale exceeding $10 million. This initiative reflects the attention that mainstream blockchain platforms are paying to the RWA sector and is expected to bring more funding and technical support to the RWA market.

3️⃣ The world's first AI rubber tapping machine RWA project RUBBER token issuance In Bangkok, the world's first RWA project core token RUBBER, anchored to AI rubber tapping machines, has been officially issued. This project combines blockchain technology to innovate the "mining through tapping" model, settling rubber production income through tokens. This innovative application demonstrates the potential of RWA in the real economy, which may inspire the emergence of more similar projects and promote the diversified development of the RWA market.

The RWA market is experiencing rapid development, with multiple blockchain platforms and physical industries actively laying out their plans. These advancements may have boosted investor confidence in RWA projects, thereby driving the prices of RWA-related tokens such as Allo to rise. However, as the RWA market is still in its early stages, investors need to cautiously assess the risks and potential of each project.

This message is not intended as investment advice; investors should be aware of market volatility risks.