Most Tokenized Cash Never Trades, Dune Finds

事實（只放可查證的）

• Tokenized real-world assets reached $34.5 billion at the end of August, according to a Dune report published Wednesday. Tokenized Treasury funds make up half of it and turned over 0.006% of supply that month. Equities, 8% of the market, generated 93% of spot volume.