Wall Street put $7B into tokenized funds, but under 1% is actually being used in DeFi

DeFi recorded 99 hacks in the second quarter of 2026, more than any quarter on record in DeFiLlama's database. Real-world tokenized assets in use inside DeFi protocols have since climbed to nearly $3.97 billion, a fresh all-time high.

DeFi gives tokenized assets something to do on-chain, turning them into collateral, lending liquidity, or inputs that other protocols can build on.

The record proves that a severe security shock has not stopped composable real-world asset value from reaching a new high.

What the record measures

DeFiLlama's dashboard puts total RWA active market cap at $33.9 billion and on-chain market cap at $36.7 billion.

Only $3.97 billion of that value sits inside DeFi protocols, about 11.7% of active RWA value, placed into lending markets, liquidity pools, and yield protocols.

DeFiLlama examined 59 historical hacks with meaningful pre-hack total value locked (TVL) and found that most affected protocols kept less than 10% of their previous TVL.

The dollar amount stolen showed almost no relationship to the value drained over the next 30 days. Being hacked destroys trust on its own, regardless of how much was taken.

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