Tokenized institutional alternative funds (IAFs) grew by 47% in the last 30 days, totaling 1.74 billion USD. Ethereum dominates the market with 1 billion USD, making up over half of the total.
Centrifuge led the market with a 252% increase in market cap, reaching 704 million USD and securing a 40.4% market share in tokenized IAFs. Securitize follows with 652 million USD, accounting for 37.5%.
Despite the increase in value, the number of monthly active addresses fell by over 50%, suggesting consolidation among investors, while the number of holders increased by 13.5% to 114,922.
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