Real-world asset protocols have surged to become the fifth-largest category in decentralized finance (DeFi) by total value locked (TVL), reaching $17 billion. This growth is driven by the increasing integration of tokenized Treasurys, private credit, and commodities into onchain finance. The shift highlights a significant trend as these assets move to the forefront of DeFi, surpassing decentralized exchanges (DEXs) in TVL rankings.