[Funds Shift from DeFi to RWA, Reflecting Internal Market Rotation] February 20 news, according to Decrypt, tokenized real-world assets (RWA) grew by 8.7% to $24.8 billion over the past month, while the total value locked (TVL) in decentralized finance (DeFi) fell by 25% to $94.8 billion during the same period. Data from RWA.xyz shows that the distributed asset value of tokenized U.S. Treasury bonds, commodities, and private credit increased by 10%, 20%, and 15%, respectively, reaching $10.7 billion, $6.9 billion, and $2.9 billion. 1inch co-founder Sergej Kunz stated that the fund flow reflects internal rotation within the crypto ecosystem rather than an exit, with tokenized Treasury bonds offering a 4% on-chain return and lower risk. Programmable Credit Protocol CEO Rico van der Veen pointed out that RWA protocols provide enforceable rights, regulatory clarity, and stable cash flow.