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Cryptocurrency

These Are the Top 10 RWA Cryptocurrencies by Development Activity

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TL;DR

  • Chainlink (LINK) leads in Real-World Assets (RWA) development activity, followed by Synthetix (SNX) and Centrifuge (CFG).
  • Despite missing the list, Mantra (OM) saw a 1,700% increase this year, with some predicting it could soon lead the RWA category.

No Change Among the Leaders

Real-world assets (RWA) have gained traction in the past several months due to the rising prices of some tokens. While they exist in the physical world (representing objects or properties), they are tokenized and function on the blockchain through smart contracts.

Earlier this week, crypto analytics platform Santiment outlined the top 10 such tokens in terms of development activity on a monthly scale. Chainlink (LINK) takes first place with a score of 501.93. It performed quite well during the first quarter of the year, with its price surpassing $21 in mid-March.

However, it has been on a severe downfall in the past few months, currently trading at around $11.20 (per CoinGecko’s data). Its market capitalization stands at approximately $6.8 billion, making it the 18th-biggest in the crypto market. 

LINK Price
LINK Price, Source: CoinGecko

Synthetix Network (SNX) and Centrifuge (CFG) are ranked second and third with scores of 233.93 and 96.1, respectively. 

Oraichain Token (ORAI), Dusk (DUSK), Maker (MKR), and IX Swap (IX) follow suit. It is worth mentioning that the first seven positions were in the same order after Santiment’s previous analysis. 

Polymex (POLYX) has climbed the ladder and now holds the eighth spot, while Defactor (FACTR) showed some improvement to enter the top 10 list. Creditcoin (CTC) is ninth after being placed higher in the previous ranking. 

Which One is Missing Again?

Meanwhile, one of the top performers in the RWA realmMantra (OM)did not find a spot in the line up. The token’s price experienced a bull run this year, rising from a mere $0.05 on January 1 to $1.40 towards the end of July.

OM headed south in the following weeks, settling at around $0.91, which represents a whopping 1,700% increase year-to-date (YTD). It is worth mentioning that the asset did not make the list in July, either, despite being close to its best shape at that time.

OM Price
OM Price, Source: CoinGecko

Some industry participants praised OM for its impressive performance as of late, predicting further advancements in the near future. Crypto Coach (an X user with over 200,000 followers) recently claimed that it remains one of the best-performing altcoins, “holding strong levels despite the poor market.”

“Crazily, the price of OM is yet to catch up with the insane fundamentals they have right now. Seems like the final version of Testnet Dukong is almost ready. MANTRA is going to be leading the RWA category pretty soon,” the enthusiast added.

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Cryptocurrency

Bitcoin Price Tests $110K as Total Liquidations Near $300 Million

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Bitcoin’s price has managed to completely erase the losses from yesterday and it appears that bulls are on the run again.

At the time of this writing, BTC is trading at around $109,500, preparing to test the pivotal technical and psychological level of $110K, sitting right below the cryptocurrency’s all-time high.

BTCUSD_2025-07-02_19-15-08

Data from Coinglass shows that the total number of liquidations across the derivatives market currently sits at almost $300 million – a 32% increase compared to the previous 24 hours.

BTC leads the way with around $50 million in liquidations, where the majority of positions were short. In total, $190M out of the $300 million in forced-closed traders were betting on the price to go down.

Naturally, the altcoins are following suite and are also recovering and most of them are now trading in the green. It’s interesting to see if this will transition into a more sustained upward movement in the next few days.

Screenshot 2025-07-02 at 19.18.06
Source: Qunatify Crypto
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Cryptocurrency

Ripple (XRP) Price Outlook: 2 Bearish and 2 Bullish Factors to Watch

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TL;DR

  • XRP’s recent dip comes alongside a drop in key on-chain metrics – like active accounts and executed transactions – hinting at declining user engagement and a potential short-term correction.

  • Despite the concerns, optimism remains high as Polymarket gives a 92% chance for a spot XRP ETF approval by end-2025, while negative exchange netflows suggest reduced immediate selling pressure.

Pullback on the Horizon?

Ripple’s XRP started July on the right foot, with its price rising to as high as $2.30. The uptrend, however, was short-lived, and it currently trades at around $2.17 (according to CoinGecko’s data).

Meanwhile, the decline of certain XRP metrics suggests the asset’s investors may have to endure a more substantial correction in the near future. Data shows that the number of active accounts, the number of executed transactions, and the number of newly activated accounts have headed south in the past few days.

This development points to reduced user engagement and utility in XRP’s ecosystem, which may lead to price stagnation or even a pullback. 

Interest in Ripple’s cross-border token has also waned over the past several months. Google searches involving the asset are currently far below the peak levels registered in December last year. This could mean that fewer new buyers are entering the market.

XRP Google Searches
XRP Google Searches, Source: Google Trends

The Bullish Signals

Every coin has two sides, so let’s also observe the factors that suggest Ripple’s native token might be on the verge of a renewed rally.

To begin with, XRP investors could gain significantly if a spot ETF receives regulatory approval in the United States. A growing list of major firms – such as Grayscale, Bitwise, Franklin Templeton, 21Shares, and others – have already expressed interest in launching such a product.”

According to Polymarket, there’s a 92% chance that a spot XRP ETF will be greenlighted in America before the end of 2025.

XRP ETF Chances
XRP ETF Chances, Source: Polymarket

The surge in odds follows the SEC’s recent approval of Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETFa fund that holds multiple cryptocurrencies, including XRP.

Next on the list is XRP’s exchange netflow, which has been predominantly negative in the last several weeks. This indicates that investors have switched from centralized platforms toward self-custody methods, reflecting a reduced immediate selling pressure.

XRP Exchange Netflow
XRP Exchange Netflow, Source: CoinGlass
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Cryptocurrency

Who is Selling Their BTC at These Prices? Glassnode Reveals Bitcoin Profit Takers

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About a month ago, market analysts noted that profit-taking on the Bitcoin network was modest. However, that has changed.

The on-chain insights provider Glassnode has revealed that profit-taking on the leading digital network is ramping up again. This comes as Bitcoin (BTC) remains in a consolidation phase following weeks of upward movement.

BTC Holders Take Profits

According to Glassnode’s tweet, bitcoin’s realized profits hit $2.46 billion on June 30, while the network’s seven-day Simple Moving Average (SMA) spiked to $1.52 billion.

The SMA, which identifies trends by averaging prices over a specific period, is currently above its year-to-date (YTD) average of $1.14 billion. However, the metric is still below its November-December 2024 peak of approximately $4.5 billion.

The spike in Bitcoin’s seven-day SMA indicates that coin distribution on the network is on the rise. Mid-to-long-term BTC holders have been leading this profit-taking spree; Glassnode said investors aged three to five years have realized at least $849 million in profits. This cohort of market participants is followed by those aged seven to ten years, with $485 million in profits, and investors aged one to two years with $445 million.

Short-term BTC holders, those holding for under one year, have been cashing out the least gains, at less than $6 million.

Interestingly, older BTC holders have been leading the profit-taking for this cycle. CryptoPotato reported a rise in spending by this cohort in late May, which drove the aggregate volume for the one- to five-year cohorts to $4 billion, its highest level since February. While older investors take the lead, the bulk of the volume is coming from this particular group of Bitcoin holders.

Whales Are Redistributing Too

Glassnode’s latest report is further substantiated by an analysis from the institutional decentralized finance (DeFi) analytics platform, Sentora (previously known as IntoTheBlock).

The firm disclosed that wallets holding more than 1,000 BTC have been steadily reducing their balances. This indicates that although institutional money is flowing into Bitcoin, whales are still offloading their holdings.

It is worth mentioning that Sentora sees the redistribution by whales as a sign of a maturing market rather than weakness. Older whale coins being dispersed could become a dynamic that would strengthen Bitcoin’s long-term potential.

Meanwhile, BTC was still consolidating at the time of writing, hovering under $110,000 – a level, which it has remained confined to in the last few weeks.

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