Electric Capital: 93% of real-world yield sources have not yet entered DeFi

ZkProver · 2026-03-29T05:01:37+00:00

Electric Capital's latest report analyzes 501 real-world revenue sources and finds that only 34 have on-chain volumes exceeding $50 million, mainly concentrated in U.S. Treasuries and similar assets; 93% are affected by legal structure barriers, with distribution channels being the biggest bottleneck, and top assets are highly concentrated.

ZkProver

2026-03-29 05:01:37

Abstract generation in progress

ChainCatcher news, Electric Capital’s latest research report reviews 501 real-world revenue sources and finds that only 34 of them have on-chain scales exceeding $50 million, primarily concentrated in U.S. Treasuries, private credit, and corporate bonds. The remaining 93% are blocked by seven major obstacles, including legal structures and entity integration issues.

The report points out that distribution channels are the biggest bottleneck. Among the 35 non-stablecoin RWAs with on-chain revenue, only two have more than 2,000 holders, and the top assets are highly concentrated. For example, in BlackRock’s BUIDL, the top ten holders control 98% of the supply.

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