Tokenized real-world assets (RWAs) experienced significant growth in 2025, outpacing stablecoins, according to CoinGecko's RWA Report 2026. The market cap of RWAs more than tripled from $5.42 billion to $19.32 billion, marking a 256.7% increase from January 2025 to March 2026. This growth saw RWAs expand from 2.7% to 6.4% of the size of stablecoins. The RWA sector, comprising treasuries, commodities, stocks, and ETFs, saw tokenized treasuries remain the largest asset class, with a $9 billion increase in market cap. However, its market share fell from 73.7% to 67.2% as other asset classes grew. Commodities, driven by gold-backed tokens like Tether Gold (XAUT) and PAX Gold (PAXG), saw a 289% market cap increase to $5.55 billion. Tokenized stocks and ETFs also recorded substantial growth, with market caps reaching $486.69 million and $297.5 million, respectively, by March 2026. Additionally, RWAs perpetuals trading volume surged from $313 billion in 2025 to $524.8 billion by Q1 2026, indicating a potential doubling of volume for the year. This robust growth highlights the increasing adoption and interest in tokenized RWAs.