RWA tokenization outperforms crypto narratives with 185.8% gains in 2025

In 2025, real-world asset (RWA) tokenization became the leading crypto narrative as RWA tokens delivered average returns of 185.8%, with Chainlink acting as a key proxy for tokenized stocks. Over the same period, major L1 chains like Ethereum and Solana, along with memes, AI agents, GameFi, and DePIN tokens, generally posted significant losses despite periods of high activity and popularity.